Short Interest in Swvl Holdings Corp. (NASDAQ:SWVLW) Decreases By 69.1%

Swvl Holdings Corp. (NASDAQ:SWVLW) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,349 shares, a drop of 69.1% from the May 14th total of 7,591 shares. Based on an average daily volume of 97,068 shares, the short-interest ratio is currently 0.0 days.

Swvl Trading Down 6.5%

Swvl stock traded down $0.00 during mid-day trading on Thursday, reaching $0.01. The stock had a trading volume of 6,664 shares, compared to its average volume of 52,556. Swvl has a fifty-two week low of $0.00 and a fifty-two week high of $0.02. The stock’s 50-day simple moving average is $0.01 and its 200-day simple moving average is $0.01.

Swvl Company Profile

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.