Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Update

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 136,200 shares, a growth of 112.8% from the March 31st total of 64,000 shares. Currently, 21.1% of the shares of the stock are short sold. Based on an average daily volume of 104,800 shares, the short-interest ratio is currently 1.3 days.

Zoomcar Price Performance

ZCAR opened at $3.88 on Monday. The firm has a 50-day simple moving average of $5.80 and a two-hundred day simple moving average of $59.07. Zoomcar has a 52 week low of $2.61 and a 52 week high of $880.00.

Zoomcar (NASDAQ:ZCAR) last released its quarterly earnings data on Friday, February 14th. The company reported ($71.20) EPS for the quarter. The business had revenue of $2.45 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC purchased a new stake in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar at the end of the most recent quarter. 3.71% of the stock is currently owned by institutional investors and hedge funds.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.