Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) was the recipient of a significant drop in short interest in 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. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 12,749 shares, the short-interest ratio is presently 1.3 days.
Hedge Funds Weigh In On Swvl
An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl at the end of the most recent reporting period. 34.03% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Swvl currently has a consensus rating of “Sell”.
Swvl Stock Performance
Shares of SWVL stock traded up $0.09 during mid-day trading on Wednesday, reaching $1.62. The stock 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. Swvl has a 12-month low of $1.31 and a 12-month high of $4.89. The business has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $1.93.
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.
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