Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Decreases By 58.6%

Swvl Holdings Corp. (NASDAQ:SWVL) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,844 shares, a decline of 58.6% from the July 15th total of 14,127 shares. Based on an average daily volume of 16,895 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Swvl

A hedge fund recently bought a new position in Swvl stock. Angeles Wealth Management LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl as of its most recent filing with the Securities & Exchange Commission. 34.03% of the stock is owned by hedge funds and other institutional investors.

Swvl Stock Up 0.7%

SWVL stock traded up $0.01 during trading on Friday, reaching $1.45. 5,206 shares of the stock traded hands, compared to its average volume of 13,146. The business’s 50 day moving average price is $1.43 and its 200-day moving average price is $1.55. Swvl has a 52-week low of $1.30 and a 52-week high of $4.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08.

Swvl (NASDAQ:SWVL) last announced its quarterly earnings results on Monday, April 20th. The company reported $0.04 EPS for the quarter. The firm had revenue of $6.99 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Swvl currently has an average rating of “Sell”.

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.