Zoomcar Holdings, Inc. (NASDAQ:ZCARW) Sees Large Drop in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCARW) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 6,400 shares, a decrease of 44.8% from the September 30th total of 11,600 shares. Based on an average daily volume of 22,400 shares, the days-to-cover ratio is currently 0.3 days.

Zoomcar Price Performance

Shares of NASDAQ:ZCARW opened at $0.02 on Friday. Zoomcar has a one year low of $0.00 and a one year high of $0.18. The company has a 50-day simple moving average of $0.01 and a 200-day simple moving average of $0.02.

Zoomcar Company Profile

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.