Swvl Holdings Corp. (NASDAQ:SWVL) Sees Large Increase in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 330,550 shares, a growth of 734.0% from the August 15th total of 39,633 shares. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,292,955 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Swvl

An institutional investor recently bought a new stake in Swvl stock. Angeles Wealth Management LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl as of its most recent SEC filing. Hedge funds and other institutional investors own 34.03% of the company’s stock.

Swvl Price Performance

Shares of NASDAQ:SWVL opened at $7.94 on Friday. The firm has a fifty day moving average price of $2.23 and a two-hundred day moving average price of $1.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08. Swvl has a one year low of $1.30 and a one year high of $8.48.

Swvl (NASDAQ:SWVL) last released its quarterly earnings results on Monday, April 20th. The company reported $0.04 EPS for the quarter. The firm had revenue of $6.99 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Swvl has an average rating of “Sell”.

Swvl Company Profile

Swvl Inc is a provider of bus-based mass transit and shared mobility solutions, operating through a digital platform that connects commuters with scheduled bus routes and on-demand shuttles. The company’s technology-driven approach enables users to book rides via its mobile application, offering affordable and reliable transportation alternatives in urban and intercity markets. Swvl’s services cater to both individual commuters and corporate clients, helping businesses manage employee transportation through customized route planning and fleet management tools.

Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl began operations in Cairo, Egypt, before rapidly expanding across emerging markets.