Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Declines By 23.5%

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 56,500 shares, a drop of 23.5% from the May 15th total of 73,900 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 88,100 shares, the days-to-cover ratio is currently 0.6 days.

Swvl Stock Down 2.4 %

Shares of SWVL stock traded down $0.20 during trading on Friday, hitting $8.15. The company had a trading volume of 17,039 shares, compared to its average volume of 26,098. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $10.58 and its 200 day moving average price is $7.01. Swvl has a one year low of $0.62 and a one year high of $21.94.

Institutional Trading of Swvl

A hedge fund recently bought a new stake in Swvl stock. Gerber LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $296,000. Gerber LLC owned approximately 0.37% of Swvl as of its most recent SEC filing. Institutional investors and hedge funds own 34.03% of the company’s stock.

About Swvl

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.