Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Expands By 120.7%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 105,500 shares, a growth of 120.7% from the November 30th total of 47,800 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 5.0% of the shares of the stock are short sold.

Zoomcar Trading Down 10.6 %

Shares of NASDAQ:ZCAR opened at $2.53 on Friday. The company has a 50 day moving average of $5.39 and a 200-day moving average of $11.07. Zoomcar has a one year low of $1.25 and a one year high of $1,289.00.

Insider Buying and Selling

In related news, Director Mark F. Sr. Bailey acquired 184,112 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $4.28 per share, for a total transaction of $787,999.36. Following the transaction, the director now directly owns 1,534,496 shares of the company’s stock, valued at approximately $6,567,642.88. This trade represents a 13.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.80% of the stock is owned by corporate insiders.

About Zoomcar

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.