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 February. As of February 13th, there was short interest totaling 124,811 shares, a growth of 195.1% from the January 29th total of 42,297 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 4,091,819 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 4,091,819 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Swvl Stock Up 10.3%

Shares of NASDAQ SWVL opened at $1.72 on Thursday. Swvl has a 12-month low of $1.32 and a 12-month high of $5.24. The stock’s fifty day simple moving average is $1.99 and its two-hundred day simple moving average is $2.78.

About Swvl

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.