Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Rises By 105.8%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,040 shares, a growth of 105.8% from the June 15th total of 8,280 shares. Based on an average daily volume of 69,229 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Swvl stock. Angeles Wealth Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl at the end of the most recent quarter. 34.03% of the stock is owned by hedge funds and other institutional investors.

Swvl Price Performance

SWVL traded down $0.01 during midday trading on Wednesday, reaching $1.46. 3,932 shares of the company’s stock traded hands, compared to its average volume of 364,187. Swvl has a 52 week low of $1.30 and a 52 week high of $4.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $1.53 and a two-hundred day moving average of $1.68.

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

Analyst Ratings Changes

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

Swvl Company Profile

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.