Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 25.8% in March

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 40,000 shares, a decline of 25.8% from the February 28th total of 53,900 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is currently 2.3 days.

Swvl Stock Down 3.3 %

Shares of NASDAQ:SWVL opened at $4.05 on Friday. The business has a fifty day simple moving average of $4.82 and a 200 day simple moving average of $4.79. Swvl has a 12-month low of $2.55 and a 12-month high of $21.94.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. HITE Hedge Asset Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned 0.48% of Swvl at the end of the most recent reporting period. 34.03% of the stock is currently owned by institutional investors.

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.