Swvl Holdings Corp. (NASDAQ:SWVLW – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,349 shares, a decrease of 69.1% from the May 14th total of 7,591 shares. Based on an average trading volume of 97,068 shares, the short-interest ratio is currently 0.0 days.
Swvl Stock Down 6.5%
Shares of SWVLW stock traded down $0.00 during midday trading on Thursday, reaching $0.01. 6,664 shares of the stock were exchanged, compared to its average volume of 52,556. The company’s 50 day moving average is $0.01 and its two-hundred day moving average is $0.01. Swvl has a 1 year low of $0.00 and a 1 year high of $0.02.
About Swvl
Swvl Holdings Corp. operates as a technology-driven mass transit company that offers app-based shared mobility solutions for commuters. Through its digital platform, the company enables riders to book fixed-route bus trips, private charter services and ridesharing options. Swvl’s core service connects passengers with networked buses operating on semi-fixed schedules, designed to reduce travel times, lower transportation costs and improve reliability in urban and suburban markets.
Founded in 2017 by Mostafa Kandil, Ahmed Suleiman and Mahmoud Nouh, Swvl launched its first operations in Cairo, Egypt, before expanding regionally and internationally.
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