Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Increases By 260.6%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 116,100 shares, an increase of 260.6% from the October 31st total of 32,200 shares. Approximately 17.6% of the shares of the company are short sold. Based on an average trading volume of 702,100 shares, the short-interest ratio is presently 0.2 days.

Zoomcar Trading Down 2.3 %

Shares of NASDAQ ZCAR opened at $5.15 on Thursday. Zoomcar has a 12-month low of $3.93 and a 12-month high of $1,289.00. The stock has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $13.65.

About Zoomcar

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.