Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Increases By 120.7%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 105,500 shares, a growth of 120.7% from the November 30th total of 47,800 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.0% of the company’s stock are sold short.

Zoomcar Price Performance

Zoomcar stock opened at $2.53 on Friday. The firm has a 50-day moving average price of $5.39 and a two-hundred day moving average price of $11.07. Zoomcar has a 52-week low of $1.25 and a 52-week high of $1,289.00.

Insider Buying and Selling at Zoomcar

In other news, Director Mark F. Sr. Bailey purchased 184,112 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $4.28 per share, for a total transaction of $787,999.36. Following the completion of the purchase, the director now owns 1,534,496 shares of the company’s stock, valued at approximately $6,567,642.88. This trade represents a 13.63 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.80% of the stock is owned by corporate insiders.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.