Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Declines By 38.8%

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 16,526 shares, a drop of 38.8% from the April 30th total of 26,999 shares. Based on an average daily volume of 12,749 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 and Exchange Commission. Institutional investors own 34.03% of the company’s stock.

Swvl Trading Up 5.6%

Shares of SWVL stock traded up $0.09 during midday trading on Wednesday, hitting $1.62. The company had a trading volume of 1,172 shares, compared to its average volume of 450,414. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. The company’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.93. Swvl has a 52-week low of $1.31 and a 52-week high of $4.89.

Swvl Company Profile

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.