Swvl Holdings Corp. (NASDAQ:SWVL) Sees Large Increase in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 124,811 shares, a growth of 195.1% from the January 29th total of 42,297 shares. Based on an average trading volume of 4,091,819 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.8% of the company’s shares are sold short. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 4,091,819 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Swvl Price Performance

Shares of NASDAQ SWVL opened at $1.54 on Friday. The stock’s 50-day simple moving average is $1.98 and its 200-day simple moving average is $2.77. Swvl has a fifty-two week low of $1.32 and a fifty-two week high of $5.24.

About Swvl

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.