Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 58.6% 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 totaling 5,844 shares, a decrease of 58.6% from the July 15th total of 14,127 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 16,895 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management 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 Trading Up 0.7%

Swvl stock opened at $1.45 on Friday. The company has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $1.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. Swvl has a one year low of $1.30 and a one year high of $4.24.

Swvl (NASDAQ:SWVL) last issued its quarterly earnings data on Monday, April 20th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $6.99 million during the quarter.

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.