Swvl Holdings Corp. (NASDAQ:SWVL) Sees Large Decline in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 51,800 shares, a decrease of 28.7% from the January 31st total of 72,700 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is presently 2.0 days.

Swvl Stock Performance

SWVL traded up $0.17 during midday trading on Wednesday, reaching $4.89. The company’s stock had a trading volume of 4,814 shares, compared to its average volume of 18,841. Swvl has a twelve month low of $2.55 and a twelve month high of $21.94. The company has a fifty day simple moving average of $5.23 and a 200 day simple moving average of $4.93.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swvl stock. HITE Hedge Asset Management LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned approximately 0.48% of Swvl as of its most recent SEC filing. Institutional investors and hedge funds own 34.03% of the company’s stock.

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.