Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 38.8% in May

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 16,526 shares, a decline of 38.8% from the April 30th total of 26,999 shares. Based on an average daily trading volume, of 12,749 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned about 0.37% of Swvl as of its most recent SEC filing. Hedge funds and other institutional investors own 34.03% of the company’s stock.

Swvl Trading Up 1.3%

Shares of NASDAQ SWVL traded up $0.02 during trading hours on Thursday, hitting $1.56. 1,553 shares of the company traded hands, compared to its average volume of 446,277. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day moving average price is $1.59 and its 200 day moving average price is $1.90. Swvl has a 12 month low of $1.31 and a 12 month high of $4.89.

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.