Swvl Holdings Corp. (NASDAQ:SWVLW – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 6,169 shares, an increase of 110.6% from the June 15th total of 2,929 shares. Based on an average trading volume of 21,439 shares, the days-to-cover ratio is currently 0.3 days.
Swvl Trading Down 26.4%
NASDAQ:SWVLW opened at $0.01 on Friday. The firm has a fifty day simple moving average of $0.01 and a 200-day simple moving average of $0.01. Swvl has a 12 month low of $0.00 and a 12 month high of $0.02.
Swvl Company Profile
Swvl Holdings Corp. operates as a technology-driven mass transit company that offers app-based shared mobility solutions for commuters. Through its digital platform, the company enables riders to book fixed-route bus trips, private charter services and ridesharing options. Swvl’s core service connects passengers with networked buses operating on semi-fixed schedules, designed to reduce travel times, lower transportation costs and improve reliability in urban and suburban markets.
Founded in 2017 by Mostafa Kandil, Ahmed Suleiman and Mahmoud Nouh, Swvl launched its first operations in Cairo, Egypt, before expanding regionally and internationally.
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