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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 116,100 shares, an increase of 260.6% from the October 31st total of 32,200 shares. Based on an average daily volume of 702,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 17.6% of the company’s shares are short sold.

Zoomcar Trading Down 2.3 %

ZCAR opened at $5.15 on Friday. Zoomcar has a twelve month low of $3.93 and a twelve month high of $1,289.00. The company has a fifty day moving average of $9.57 and a 200-day moving average of $13.59.

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.