Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Up 105.8% in June

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 17,040 shares, a growth of 105.8% from the June 15th total of 8,280 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 69,229 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Swvl stock. Angeles Wealth Management LLC purchased a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned about 0.37% of Swvl as of its most recent SEC filing. Hedge funds and other institutional investors own 34.03% of the company’s stock.

Swvl Stock Down 2.2%

Shares of NASDAQ SWVL opened at $1.44 on Friday. The firm’s 50-day simple moving average is $1.51 and its 200 day simple moving average is $1.67. Swvl has a fifty-two week low of $1.30 and a fifty-two week high of $4.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.