Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Large Increase in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large growth in short interest in 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. Based on an average daily trading volume, of 104,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 21.1% of the company’s shares are sold short.

Zoomcar Trading Down 4.6 %

Shares of ZCAR opened at $3.70 on Tuesday. Zoomcar has a 1-year low of $2.61 and a 1-year high of $880.00. The company has a 50-day moving average of $5.57 and a 200 day moving average of $57.12.

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

Institutional Investors Weigh In On Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC acquired a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.80% of Zoomcar as of its most recent SEC filing. Institutional investors and hedge funds own 3.71% of the company’s stock.

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.