Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Declines By 51.0%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 26,151 shares, a decline of 51.0% from the February 26th total of 53,325 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 20,705 shares, the days-to-cover ratio is currently 1.3 days.

Swvl Price Performance

SWVL stock traded up $0.01 during trading on Thursday, hitting $1.38. The company had a trading volume of 1,724 shares, compared to its average volume of 797,112. The company has a fifty day moving average price of $1.75 and a two-hundred day moving average price of $2.46. Swvl has a fifty-two week low of $1.32 and a fifty-two week high of $4.99.

Analyst Upgrades and Downgrades

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