Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Significant Decrease in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 47,800 shares, a decline of 58.8% from the November 15th total of 116,100 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily volume of 714,400 shares, the short-interest ratio is presently 0.1 days.

Zoomcar Trading Down 1.0 %

NASDAQ:ZCAR opened at $5.18 on Friday. Zoomcar has a 1 year low of $3.93 and a 1 year high of $1,289.00. The firm’s fifty day simple moving average is $7.66 and its 200 day simple moving average is $12.14.

Insider Activity at Zoomcar

In related news, Director Mark F. Sr. Bailey purchased 184,112 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $4.28 per share, for a total transaction of $787,999.36. Following the completion of the acquisition, the director now directly owns 1,534,496 shares in the company, valued at approximately $6,567,642.88. This trade represents a 13.63 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.80% of the stock is owned by company insiders.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.