Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Up 260.6% in November

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 116,100 shares, a growth of 260.6% from the October 31st total of 32,200 shares. Based on an average daily volume of 702,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 17.6% of the company’s shares are short sold.

Zoomcar Price Performance

Shares of ZCAR stock opened at $5.15 on Friday. The business’s 50-day moving average price is $9.57 and its 200-day moving average price is $13.59. Zoomcar has a 12 month low of $3.93 and a 12 month high of $1,289.00.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.