HITE Hedge Asset Management LLC Acquires New Stake in Swvl Holdings Corp. (NASDAQ:SWVL)

HITE Hedge Asset Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 32,910 shares of the company’s stock, valued at approximately $210,000.

Swvl Stock Down 4.1 %

Shares of SWVL opened at $2.95 on Friday. Swvl Holdings Corp. has a 1-year low of $2.40 and a 1-year high of $15.41. The firm’s 50 day simple moving average is $4.25 and its 200 day simple moving average is $4.71.

Swvl 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.