Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Large Increase in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 527,200 shares, a growth of 52.0% from the January 31st total of 346,900 shares. Approximately 25.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling at Zoomcar

In other news, CEO Hiroshi Nishijima acquired 32,052 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of $1.56 per share, with a total value of $50,001.12. Following the acquisition, the chief executive officer now directly owns 32,052 shares in the company, valued at approximately $50,001.12. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC acquired a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.80% of Zoomcar as of its most recent SEC filing. 3.71% of the stock is owned by hedge funds and other institutional investors.

Zoomcar Price Performance

Zoomcar stock opened at $0.46 on Monday. Zoomcar has a 52-week low of $0.37 and a 52-week high of $183.00. The firm has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $6.95.

Zoomcar (NASDAQ:ZCAR) last issued its quarterly earnings data on Friday, February 14th. The company reported ($3.56) earnings per share (EPS) for the quarter. The firm had revenue of $2.45 million during the quarter.

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.