Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 23.9% in July

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 45,300 shares, a decrease of 23.9% from the July 15th total of 59,500 shares. Based on an average daily volume of 23,300 shares, the short-interest ratio is presently 1.9 days. Approximately 1.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Swvl

An institutional investor recently bought a new position in Swvl stock. Gerber LLC acquired a new position in Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $296,000. Gerber LLC owned 0.37% of Swvl at the end of the most recent quarter. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Swvl Stock Performance

Shares of NASDAQ:SWVL traded down $0.02 during trading on Wednesday, reaching $5.98. The company had a trading volume of 2,144 shares, compared to its average volume of 121,709. Swvl has a 12 month low of $0.71 and a 12 month high of $21.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. The company has a fifty day moving average of $7.13 and a two-hundred day moving average of $8.34.

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.