Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 38.8% in May

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,526 shares, a decline of 38.8% from the April 30th total of 26,999 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 12,749 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Swvl Stock Performance

Shares of NASDAQ:SWVL opened at $1.56 on Friday. The stock has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.89. Swvl has a 12-month low of $1.31 and a 12-month high of $4.89. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34.

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.