Swvl Holdings Corp. (NASDAQ:SWVL) Sees Significant Decrease in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 8,280 shares, a drop of 52.9% from the May 31st total of 17,571 shares. Based on an average daily trading volume, of 28,314 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Swvl Stock Performance

Shares of NASDAQ:SWVL traded up $0.08 during midday trading on Wednesday, hitting $1.42. 8,933 shares of the company’s stock traded hands, compared to its average volume of 389,482. The firm’s fifty day moving average price is $1.60 and its two-hundred day moving average price is $1.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. Swvl has a twelve month low of $1.30 and a twelve month high of $4.89.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Swvl

A hedge fund recently bought a new position in Swvl stock. Angeles Wealth Management LLC purchased a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl as of its most recent SEC filing. Institutional investors and hedge funds own 34.03% of the company’s stock.

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.