Short Interest in Swvl Holdings Corp. (NASDAQ:SWVL) Decreases By 58.6%

Swvl Holdings Corp. (NASDAQ:SWVL) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,844 shares, a decrease of 58.6% from the July 15th total of 14,127 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 16,895 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Swvl

An institutional investor recently bought a new stake in Swvl stock. Angeles Wealth Management LLC acquired a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 34.03% of the company’s stock.

Wall Street Analyst Weigh In

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

Swvl Stock Performance

Shares of Swvl stock traded up $0.01 during trading hours on Friday, reaching $1.45. 5,206 shares of the company’s stock were exchanged, compared to its average volume of 13,146. Swvl has a 52-week low of $1.30 and a 52-week high of $4.24. The company has a fifty day moving average of $1.43 and a 200-day moving average of $1.55. 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 (NASDAQ:SWVL) last announced its quarterly earnings data on Monday, April 20th. The company reported $0.04 EPS for the quarter. The business had revenue of $6.99 million during the quarter.

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.