Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Declines By 26.5%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 25,545 shares, a decrease of 26.5% from the December 31st total of 34,767 shares. Based on an average daily volume of 12,695 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 12,695 shares, the short-interest ratio is presently 2.0 days.

Swvl Price Performance

SWVL traded down $0.06 on Friday, hitting $1.81. 14,244 shares of the company were exchanged, compared to its average volume of 40,086. Swvl has a 12 month low of $1.77 and a 12 month high of $5.55. The firm has a fifty day simple moving average of $2.31 and a two-hundred day simple moving average of $3.07.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Swvl Company Profile

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.