Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 58.6% in July

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 5,844 shares, a drop of 58.6% from the July 15th total of 14,127 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 16,895 shares, the short-interest ratio is presently 0.3 days.

Swvl Stock Up 0.4%

Shares of SWVL stock traded up $0.01 during trading hours on Monday, reaching $1.43. The company had a trading volume of 1,066 shares, compared to its average volume of 312,418. Swvl has a 1-year low of $1.30 and a 1-year high of $4.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50 day moving average of $1.43 and a 200 day moving average of $1.54.

Swvl (NASDAQ:SWVL) last announced its quarterly earnings data on Monday, April 20th. The company reported $0.04 EPS for the quarter. The company had revenue of $6.99 million for the quarter.

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl at the end of the most recent quarter. Institutional investors own 34.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Swvl 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.