Short Interest in Swvl Holdings Corp. (NASDAQ:SWVLW) Drops By 69.1%

Swvl Holdings Corp. (NASDAQ:SWVLW) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,349 shares, a drop of 69.1% from the May 14th total of 7,591 shares. Based on an average daily volume of 97,068 shares, the days-to-cover ratio is currently 0.0 days.

Swvl Price Performance

Swvl stock remained flat at $0.01 during mid-day trading on Friday. The company’s stock had a trading volume of 221,779 shares, compared to its average volume of 55,101. The company has a fifty day moving average of $0.01 and a 200 day moving average of $0.01. Swvl has a fifty-two week low of $0.00 and a fifty-two week high of $0.02.

Swvl Company Profile

Swvl Holdings Corp. operates as a technology-driven mass transit company that offers app-based shared mobility solutions for commuters. Through its digital platform, the company enables riders to book fixed-route bus trips, private charter services and ridesharing options. Swvl’s core service connects passengers with networked buses operating on semi-fixed schedules, designed to reduce travel times, lower transportation costs and improve reliability in urban and suburban markets.

Founded in 2017 by Mostafa Kandil, Ahmed Suleiman and Mahmoud Nouh, Swvl launched its first operations in Cairo, Egypt, before expanding regionally and internationally.