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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 136,200 shares, an increase of 112.8% from the March 31st total of 64,000 shares. Based on an average trading volume of 104,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 21.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC bought a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned 0.80% of Zoomcar at the end of the most recent quarter. Institutional investors own 3.71% of the company’s stock.

Zoomcar Stock Up 2.6 %

Shares of NASDAQ ZCAR opened at $3.88 on Monday. The firm’s 50-day moving average price is $5.80 and its 200-day moving average price is $59.07. Zoomcar has a 52-week low of $2.61 and a 52-week high of $880.00.

Zoomcar (NASDAQ:ZCAR) last issued its quarterly earnings data on Friday, February 14th. The company reported ($71.20) earnings per share for the quarter. The firm had revenue of $2.45 million for the quarter.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.