Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Update

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 351,600 shares, an increase of 33.8% from the May 15th total of 262,700 shares. Based on an average trading volume of 3,780,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the shares of the company are short sold.

Zoomcar Stock Performance

Zoomcar stock opened at $0.15 on Friday. Zoomcar has a 12 month low of $0.13 and a 12 month high of $14.75. The stock has a 50 day moving average of $0.27.

Hedge Funds Weigh In On Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Alberta Investment Management Corp acquired a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $369,000. Alberta Investment Management Corp owned 0.93% of Zoomcar as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 3.71% of the company’s stock.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.