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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 64,000 shares, an increase of 129.4% from the March 15th total of 27,900 shares. Based on an average daily trading volume, of 85,500 shares, the days-to-cover ratio is currently 0.7 days. Currently, 9.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC acquired a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar as of its most recent SEC filing. 3.71% of the stock is owned by hedge funds and other institutional investors.

Zoomcar Price Performance

Shares of ZCAR opened at $3.32 on Wednesday. Zoomcar has a twelve month low of $2.61 and a twelve month high of $890.40. The firm has a 50 day moving average of $9.51 and a 200 day moving average of $75.49.

Zoomcar (NASDAQ:ZCAR) last posted its earnings results on Friday, February 14th. The company reported ($71.20) EPS for the quarter. The business had revenue of $2.45 million during the quarter.

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.