Swvl Holdings Corp. (NASDAQ:SWVL) Sees Large Decrease in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 8,280 shares, a decline of 52.9% from the May 31st total of 17,571 shares. Based on an average trading volume of 28,314 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Swvl Stock Performance

SWVL traded down $0.04 during midday trading on Tuesday, hitting $1.34. The company had a trading volume of 15,778 shares, compared to its average volume of 392,580. The stock’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.74. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. Swvl has a 52 week low of $1.30 and a 52 week high of $4.89.

Swvl (NASDAQ:SWVL) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $6.99 million during the quarter.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 34.03% of the company’s stock.

About Swvl

Swvl Inc is a provider of bus-based mass transit and shared mobility solutions, operating through a digital platform that connects commuters with scheduled bus routes and on-demand shuttles. The company’s technology-driven approach enables users to book rides via its mobile application, offering affordable and reliable transportation alternatives in urban and intercity markets. Swvl’s services cater to both individual commuters and corporate clients, helping businesses manage employee transportation through customized route planning and fleet management tools.

Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl began operations in Cairo, Egypt, before rapidly expanding across emerging markets.