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

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 39,633 shares, a growth of 578.2% from the July 30th total of 5,844 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 7,561 shares, the days-to-cover ratio is currently 5.2 days.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl as of its most recent filing with the Securities and Exchange Commission (SEC). 34.03% of the stock is 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 report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Swvl Stock Performance

Swvl stock opened at $2.21 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. The business has a fifty day moving average of $1.45 and a two-hundred day moving average of $1.52. Swvl has a twelve month low of $1.30 and a twelve month high of $4.01.

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

About Swvl

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.