Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Up 65.6% in January

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 42,297 shares, a growth of 65.6% from the January 15th total of 25,545 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 62,055 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 62,055 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Swvl Stock Performance

SWVL opened at $1.56 on Friday. The stock’s 50 day moving average price is $2.10 and its 200 day moving average price is $2.91. Swvl has a 12 month low of $1.32 and a 12 month high of $5.26.

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.