Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Significant Increase in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 32,200 shares, a growth of 270.1% from the October 15th total of 8,700 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average trading volume of 684,100 shares, the short-interest ratio is currently 0.0 days.

Zoomcar Trading Up 4.9 %

NASDAQ ZCAR opened at $7.13 on Wednesday. The company’s fifty day moving average price is $11.32 and its two-hundred day moving average price is $15.69. Zoomcar has a 12 month low of $3.93 and a 12 month high of $1,289.00.

Zoomcar (NASDAQ:ZCAR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) EPS for the quarter. The firm had revenue of $2.24 million for the quarter.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.