Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Update

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 70,100 shares, a decline of 46.6% from the March 31st total of 131,200 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 723,600 shares, the days-to-cover ratio is currently 0.1 days.

Zoomcar Stock Down 7.7 %

Shares of NASDAQ:ZCAR opened at $0.35 on Friday. Zoomcar has a one year low of $0.30 and a one year high of $14.75. The company has a 50 day moving average of $0.89.

Zoomcar (NASDAQ:ZCAR) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $2.42 million for the quarter.

Institutional Trading of Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Alberta Investment Management Corp acquired a new stake in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $369,000. Alberta Investment Management Corp owned about 0.93% of Zoomcar at the end of the most recent reporting period. 3.71% of the stock is currently owned by institutional investors.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.