Swvl Holdings Corp. (NASDAQ:SWVL) Short Interest Down 17.3% in November

Swvl Holdings Corp. (NASDAQ:SWVL) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 234,400 shares, a decline of 17.3% from the November 15th total of 283,500 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average trading volume of 62,600 shares, the days-to-cover ratio is currently 3.7 days.

Swvl Price Performance

SWVL stock opened at $6.44 on Friday. The stock’s 50 day simple moving average is $4.64 and its 200 day simple moving average is $5.76. Swvl has a 12-month low of $0.88 and a 12-month high of $21.94.

Institutional Trading of Swvl

An institutional investor recently bought a new position in Swvl stock. Connective Capital Management LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl accounts for 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th largest position. Connective Capital Management LLC owned about 0.28% of Swvl as of its most recent filing with the SEC. 34.03% of the stock is currently owned by institutional investors and hedge funds.

About Swvl

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.