Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 32.4% in December

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 93,900 shares, a decrease of 32.4% from the December 15th total of 139,000 shares. Based on an average daily volume of 40,300 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swvl stock. Connective Capital Management LLC purchased a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl makes up about 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Connective Capital Management LLC owned approximately 0.28% of Swvl as of its most recent SEC filing. 34.03% of the stock is currently owned by institutional investors.

Swvl Price Performance

NASDAQ:SWVL traded up $0.20 on Thursday, hitting $5.30. The company had a trading volume of 27,713 shares, compared to its average volume of 29,661. Swvl has a 52 week low of $2.55 and a 52 week high of $21.94. The firm has a 50 day moving average of $5.80 and a two-hundred day moving average of $5.32.

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.