Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Up 270.1% in October

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

Zoomcar Trading Up 5.6 %

Zoomcar stock traded up $0.38 during mid-day trading on Tuesday, hitting $7.18. The company’s stock had a trading volume of 23,460 shares, compared to its average volume of 233,321. Zoomcar has a twelve month low of $3.93 and a twelve month high of $1,289.00. The stock’s fifty day moving average price is $11.32 and its two-hundred day moving average price is $15.69.

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