Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Update

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a large decline in short interest in 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 company’s stock are short sold. Based on an average trading volume of 723,600 shares, the days-to-cover ratio is currently 0.1 days.

Zoomcar Price Performance

NASDAQ ZCAR opened at $0.34 on Friday. The stock’s 50 day moving average price is $0.87. Zoomcar has a 52 week low of $0.30 and a 52 week high of $14.75.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zoomcar stock. Alberta Investment Management Corp purchased a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $369,000. Alberta Investment Management Corp owned approximately 0.93% of Zoomcar at the end of the most recent quarter. Institutional investors own 3.71% of the company’s stock.

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.