Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Update

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 25,545 shares, a decline of 26.5% from the December 31st total of 34,767 shares. Based on an average daily volume of 12,695 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 12,695 shares, the days-to-cover ratio is presently 2.0 days.

Swvl Stock Performance

Shares of NASDAQ SWVL traded down $0.31 during trading on Tuesday, reaching $1.83. 671,452 shares of the company traded hands, compared to its average volume of 2,022,328. Swvl has a 52-week low of $1.70 and a 52-week high of $5.50. The firm has a 50 day simple moving average of $2.30 and a 200-day simple moving average of $3.05.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Swvl

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.