Swvl Holdings Corp. (NASDAQ:SWVL) Sees Significant Increase in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 39,633 shares, an increase of 578.2% from the July 30th total of 5,844 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 7,561 shares, the days-to-cover ratio is currently 5.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl at the end of the most recent reporting period. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Swvl currently has a consensus rating of “Sell”.

Swvl Price Performance

Shares of SWVL stock opened at $2.21 on Wednesday. The stock has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.52. Swvl has a 52-week low of $1.30 and a 52-week high of $4.01. 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 data on Monday, April 20th. The company reported $0.04 EPS for the quarter. The business had revenue of $6.99 million during the quarter.

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.