Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 139,000 shares, a decrease of 40.7% from the November 30th total of 234,400 shares. Based on an average daily trading volume, of 41,600 shares, the short-interest ratio is currently 3.3 days. Currently, 3.3% of the company’s stock are short sold.
Institutional Trading of Swvl
A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl makes up about 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Connective Capital Management LLC owned 0.28% of Swvl at the end of the most recent quarter. Institutional investors own 34.03% of the company’s stock.
Swvl Price Performance
Swvl stock traded down $0.04 during mid-day trading on Friday, reaching $6.50. 9,440 shares of the company’s stock were exchanged, compared to its average volume of 94,038. Swvl has a twelve month low of $1.21 and a twelve month high of $21.94. The company has a fifty day moving average of $5.25 and a 200-day moving average of $5.48.
Swvl Company Profile
Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.
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