Swvl Holdings Corp. (NASDAQ:SWVL) Sees Significant Growth in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 34,767 shares, a growth of 47.2% from the December 15th total of 23,622 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 18,209 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 18,209 shares, the short-interest ratio is currently 1.9 days. Currently, 0.5% of the shares of the stock are short sold.

Swvl Price Performance

Shares of NASDAQ:SWVL traded down $0.12 during trading on Friday, hitting $2.60. The company had a trading volume of 21,111 shares, compared to its average volume of 15,568. Swvl has a one year low of $1.81 and a one year high of $5.72. The company has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $3.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.