Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Up 65.6% in January

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 42,297 shares, an increase of 65.6% from the January 15th total of 25,545 shares. Based on an average trading volume of 62,055 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 62,055 shares, the short-interest ratio is presently 0.7 days.

Swvl Trading Down 2.5%

SWVL stock traded down $0.04 during trading on Friday, reaching $1.56. The company’s stock had a trading volume of 58,376 shares, compared to its average volume of 2,263,179. The company’s fifty day moving average is $2.10 and its 200-day moving average is $2.91. Swvl has a 1 year low of $1.32 and a 1 year high of $5.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Swvl currently has an average rating of “Sell”.

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.