Swvl Holdings Corp. (NASDAQ:SWVLW) Sees Large Increase in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVLW) was the target of a large 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 Down 7.4%

NASDAQ:SWVLW traded down $0.00 during mid-day trading on Monday, reaching $0.01. The stock had a trading volume of 10,624 shares, compared to its average volume of 83,418. Swvl has a 1-year low of $0.00 and a 1-year high of $0.02. The stock’s 50 day simple moving average is $0.01 and its two-hundred 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.