Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Update

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. Based on an average trading volume of 69,229 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Swvl

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

Swvl Price Performance

SWVL traded up $0.02 during midday trading on Thursday, hitting $1.42. The stock had a trading volume of 12,616 shares, compared to its average volume of 361,693. Swvl has a 1 year low of $1.30 and a 1 year high of $4.60. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $1.52 and a 200 day moving average of $1.67.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.