Swvl Holdings Corp. (NASDAQ:SWVL – Get Rating) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 46,000 shares, a decline of 26.5% from the January 31st total of 62,600 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 385,900 shares, the days-to-cover ratio is currently 0.1 days.
Swvl Trading Down 8.7 %
SWVL stock traded down $0.18 during trading on Thursday, reaching $1.88. 84,011 shares of the company's stock were exchanged, compared to its average volume of 490,789. Swvl has a 1-year low of $1.83 and a 1-year high of $285.00. The company's fifty day moving average price is $1.40 and its 200-day moving average price is $1.01.
Get Swvl alerts:Institutional Trading of Swvl
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Swvl in the 3rd quarter worth $43,000. Virtu Financial LLC bought a new stake in shares of Swvl in the 3rd quarter worth $61,000. Millennium Management LLC raised its stake in shares of Swvl by 1,313.2% in the 4th quarter. Millennium Management LLC now owns 237,114 shares of the company's stock worth $32,000 after buying an additional 220,336 shares in the last quarter. ETF Managers Group LLC raised its stake in shares of Swvl by 370.4% in the 3rd quarter. ETF Managers Group LLC now owns 1,138,179 shares of the company's stock worth $957,000 after buying an additional 896,213 shares in the last quarter. Finally, Armistice Capital LLC bought a new stake in shares of Swvl in the 3rd quarter worth $6,985,000. Institutional investors own 16.30% of the company's stock.
Swvl Company Profile
(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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