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

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 330,550 shares, a growth of 734.0% from the August 15th total of 39,633 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average trading volume of 7,292,955 shares, the short-interest ratio is currently 0.0 days.

Swvl Stock Performance

Shares of SWVL stock traded down $0.83 during trading hours on Friday, reaching $7.11. The company had a trading volume of 674,163 shares, compared to its average volume of 4,444,528. Swvl has a 12-month low of $1.30 and a 12-month high of $8.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a fifty day moving average of $2.34 and a 200-day moving average of $1.82.

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

Institutional Investors Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Citadel Advisors LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 64,772 shares of the company’s stock, valued at approximately $87,000. Citadel Advisors LLC owned about 0.65% of Swvl at the end of the most recent reporting period. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus 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.