Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Rises By 105.8%

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 17,040 shares, a growth of 105.8% from the June 15th total of 8,280 shares. Based on an average daily trading volume, of 69,229 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Swvl Price Performance

NASDAQ SWVL traded down $0.01 during trading hours on Wednesday, reaching $1.46. 3,932 shares of the company’s stock traded hands, compared to its average volume of 364,187. Swvl has a 52-week low of $1.30 and a 52-week high of $4.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.68.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Swvl presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC acquired a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned about 0.37% of Swvl at the end of the most recent quarter. 34.03% of the stock is owned by hedge funds and other institutional investors.

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.