Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Significant Decline in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 70,100 shares, a decline of 46.6% from the March 31st total of 131,200 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 723,600 shares, the short-interest ratio is presently 0.1 days.

Zoomcar Price Performance

Shares of ZCAR stock opened at $0.34 on Friday. The business’s 50-day moving average price is $0.87. Zoomcar has a 12-month low of $0.30 and a 12-month high of $14.75.

Zoomcar (NASDAQ:ZCAR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $2.42 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zoomcar stock. Clear Street LLC bought a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,999 shares of the company’s stock, valued at approximately $26,000. Clear Street LLC owned 0.07% of Zoomcar as of its most recent SEC filing. Institutional investors own 3.71% of the company’s stock.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.