Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Update

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 63,300 shares, a decline of 18.1% from the March 15th total of 77,300 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 233,700 shares, the days-to-cover ratio is currently 0.3 days.

Swvl Stock Down 11.4 %

Shares of Swvl stock opened at $13.27 on Monday. The stock has a 50 day moving average price of $8.45 and a two-hundred day moving average price of $4.15. Swvl has a 12-month low of $0.62 and a 12-month high of $21.94.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Swvl stock. Millennium Management LLC grew its holdings in Swvl Holdings Corp. (NASDAQ:SWVL) by 1,313.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 237,114 shares of the company’s stock after purchasing an additional 220,336 shares during the quarter. Millennium Management LLC owned about 4.98% of Swvl worth $32,000 as of its most recent filing with the SEC. 34.03% of the stock is owned by institutional investors.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.