Swvl Holdings Corp. (NASDAQ:SWVL) Sees Significant Growth in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 54,600 shares, a growth of 32.8% from the August 31st total of 41,100 shares. Based on an average trading volume of 37,500 shares, the short-interest ratio is presently 1.5 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Trading of Swvl

A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC acquired a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl comprises about 0.2% of Connective Capital Management LLC’s portfolio, making the stock its 27th biggest position. Connective Capital Management LLC owned about 0.28% of Swvl as of its most recent SEC filing. 34.03% of the stock is owned by hedge funds and other institutional investors.

Swvl Trading Down 3.1 %

Shares of SWVL stock opened at $2.77 on Friday. Swvl has a 12-month low of $0.71 and a 12-month high of $21.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day moving average of $5.51 and a 200-day moving average of $8.30.

Swvl Company Profile

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.