Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Rises By 578.2%

Swvl Holdings Corp. (NASDAQ:SWVL) saw a significant increase in short interest in 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 shares of the company are short sold. Based on an average daily trading volume, of 7,561 shares, the days-to-cover ratio is currently 5.2 days.

Analyst Upgrades and Downgrades

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

Swvl Price Performance

Shares of Swvl stock opened at $2.21 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.34. Swvl has a twelve month low of $1.30 and a twelve month high of $4.01. The firm’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.53.

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

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned about 0.37% of Swvl as of its most recent filing with the SEC. Hedge funds and other institutional investors own 34.03% of the company’s stock.

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.