Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Declines By 52.9%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 8,280 shares, a decline of 52.9% from the May 31st total of 17,571 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 28,314 shares, the short-interest ratio is currently 0.3 days.

Swvl Price Performance

Shares of NASDAQ SWVL opened at $1.42 on Thursday. Swvl has a twelve month low of $1.30 and a twelve month high of $4.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50-day moving average of $1.60 and a two-hundred day moving average of $1.72.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Swvl has an average rating of “Sell”.

Institutional Investors Weigh In On Swvl

An institutional investor recently bought a new stake in Swvl stock. Angeles Wealth Management LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl as of its most recent SEC filing. 34.03% of the stock is currently 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.