Swvl Holdings Corp. (NASDAQ:SWVL – Get Rating) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 28,000 shares, an increase of 35.9% from the February 28th total of 20,600 shares. Currently, 1.1% of the company's shares are short sold. Based on an average daily volume of 400,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Swvl

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in Swvl during the 3rd quarter valued at approximately $43,000. Virtu Financial LLC acquired a new stake in Swvl during the 3rd quarter valued at approximately $61,000. Millennium Management LLC increased its position in Swvl by 1,313.2% during the 4th quarter. Millennium Management LLC now owns 237,114 shares of the company's stock valued at $32,000 after purchasing an additional 220,336 shares during the period. ETF Managers Group LLC increased its position in Swvl by 370.4% during the 3rd quarter. ETF Managers Group LLC now owns 1,138,179 shares of the company's stock valued at $957,000 after purchasing an additional 896,213 shares during the period. Finally, Armistice Capital LLC acquired a new stake in Swvl during the 3rd quarter valued at approximately $6,985,000. Institutional investors and hedge funds own 16.30% of the company's stock.

Swvl Stock Up 1.5 %

Shares of SWVL opened at $1.33 on Friday. The stock's 50-day moving average price is $1.94 and its two-hundred day moving average price is $0.99. Swvl has a 12 month low of $1.11 and a 12 month high of $285.00.

About Swvl

(Get Rating)

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.

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