Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Significant Growth in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 105,500 shares, a growth of 120.7% from the November 30th total of 47,800 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 5.0% of the shares of the company are short sold.

Zoomcar Stock Performance

ZCAR stock opened at $2.53 on Friday. Zoomcar has a 52-week low of $1.25 and a 52-week high of $1,289.00. The company’s 50 day simple moving average is $5.39 and its 200-day simple moving average is $11.10.

Insider Buying and Selling at Zoomcar

In other Zoomcar news, Director Mark F. Sr. Bailey acquired 184,112 shares of Zoomcar stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $4.28 per share, for a total transaction of $787,999.36. Following the completion of the transaction, the director now owns 1,534,496 shares in the company, valued at approximately $6,567,642.88. This represents a 13.63 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 14.80% of the stock is currently owned by company insiders.

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.