Swvl Holdings Corp. (NASDAQ:SWVLW – Get Free Report) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 6,169 shares, an increase of 110.6% from the June 15th total of 2,929 shares. Based on an average trading volume of 21,439 shares, the days-to-cover ratio is presently 0.3 days.
Swvl Stock Performance
Shares of SWVLW traded down $0.00 on Thursday, reaching $0.01. 1,310 shares of the company’s stock traded hands, compared to its average volume of 49,342. Swvl has a 52-week low of $0.00 and a 52-week high of $0.02. The stock’s 50 day simple moving average is $0.01 and its two-hundred day simple moving average is $0.01.
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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