Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 32.4% in December

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 93,900 shares, a decline of 32.4% from the December 15th total of 139,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Connective Capital Management LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl comprises approximately 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th biggest position. Connective Capital Management LLC owned 0.28% of Swvl at the end of the most recent reporting period. Institutional investors own 34.03% of the company’s stock.

Swvl Stock Performance

Shares of Swvl stock traded up $0.20 on Thursday, reaching $5.30. 27,713 shares of the stock were exchanged, compared to its average volume of 29,661. The firm’s 50 day moving average is $5.80 and its 200-day moving average is $5.32. Swvl has a one year low of $2.55 and a one year high of $21.94.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.