Swvl Holdings Corp. (NASDAQ:SWVLW – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 9,510 shares, an increase of 123.3% from the August 15th total of 4,258 shares. Based on an average daily volume of 383,018 shares, the days-to-cover ratio is currently 0.0 days.
Swvl Stock Performance
Shares of SWVLW traded up $0.00 during mid-day trading on Tuesday, reaching $0.01. 17,596 shares of the company’s stock were exchanged, compared to its average volume of 82,946. The business’s fifty day simple moving average is $0.01 and its 200-day simple moving average is $0.01. Swvl has a 52-week low of $0.00 and a 52-week high of $0.02.
About Swvl
Swvl Holdings Corp. operates as a technology-driven mass transit company that offers app-based shared mobility solutions for commuters. Through its digital platform, the company enables riders to book fixed-route bus trips, private charter services and ridesharing options. Swvl’s core service connects passengers with networked buses operating on semi-fixed schedules, designed to reduce travel times, lower transportation costs and improve reliability in urban and suburban markets.
Founded in 2017 by Mostafa Kandil, Ahmed Suleiman and Mahmoud Nouh, Swvl launched its first operations in Cairo, Egypt, before expanding regionally and internationally.
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