Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Large Decrease in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 346,900 shares, a decline of 22.1% from the January 15th total of 445,400 shares. Approximately 16.7% of the shares of the company are sold short. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is presently 0.2 days.

Insider Transactions at Zoomcar

In other Zoomcar news, CEO Hiroshi Nishijima bought 32,052 shares of Zoomcar stock in a transaction dated Tuesday, December 24th. The stock was bought at an average cost of $1.56 per share, for a total transaction of $50,001.12. Following the purchase, the chief executive officer now owns 32,052 shares of the company’s stock, valued at $50,001.12. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC purchased a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar at the end of the most recent quarter. Institutional investors and hedge funds own 3.71% of the company’s stock.

Zoomcar Price Performance

NASDAQ:ZCAR opened at $1.63 on Friday. The stock has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $7.86. Zoomcar has a 1-year low of $1.00 and a 1-year high of $183.00.

Zoomcar (NASDAQ:ZCAR) last released its quarterly earnings results on Friday, February 14th. The company reported ($3.56) earnings per share for the quarter.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.