Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Update

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 51,800 shares, a decrease of 28.7% from the January 31st total of 72,700 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,300 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Swvl stock. HITE Hedge Asset Management LLC purchased a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned about 0.48% of Swvl as of its most recent SEC filing. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Swvl Price Performance

SWVL stock traded up $0.17 during trading on Wednesday, hitting $4.89. The company had a trading volume of 4,814 shares, compared to its average volume of 18,841. The company has a fifty day moving average price of $5.23 and a two-hundred day moving average price of $4.93. Swvl has a fifty-two week low of $2.55 and a fifty-two week high of $21.94.

About Swvl

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.