Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Up 578.2% in August

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 39,633 shares, a growth of 578.2% from the July 30th total of 5,844 shares. Based on an average trading volume of 7,561 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors 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) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl at the end of the most recent quarter. Institutional investors own 34.03% of the company’s stock.

Swvl Stock Up 6.2%

NASDAQ SWVL traded up $0.14 during trading hours on Thursday, hitting $2.45. The company had a trading volume of 398,559 shares, compared to its average volume of 772,704. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08. Swvl has a fifty-two week low of $1.30 and a fifty-two week high of $4.01. The business has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.53.

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

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.