Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Declines By 17.3%

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 234,400 shares, a decrease of 17.3% from the November 15th total of 283,500 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 62,600 shares, the days-to-cover ratio is presently 3.7 days.

Swvl Stock Up 1.6 %

Shares of SWVL stock opened at $6.44 on Friday. The stock has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $5.73. Swvl has a 1-year low of $0.88 and a 1-year high of $21.94.

Hedge Funds Weigh In On 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) in the second quarter, according to the company in its most recent Form 13F 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 approximately 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Connective Capital Management LLC owned about 0.28% of Swvl as of its most recent filing with the Securities and Exchange Commission (SEC). 34.03% of the stock is owned by hedge funds and other institutional investors.

About Swvl

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.