Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 57.3% in February

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 53,325 shares, a decline of 57.3% from the February 12th total of 124,811 shares. Based on an average daily trading volume, of 43,234 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 43,234 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

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

Swvl Stock Up 1.3%

Shares of NASDAQ:SWVL opened at $1.58 on Wednesday. The company has a 50 day moving average of $1.90 and a 200 day moving average of $2.61. Swvl has a 12 month low of $1.32 and a 12 month high of $4.99.

Swvl Company Profile

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.