Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Grows By 52.0%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 527,200 shares, an increase of 52.0% from the January 31st total of 346,900 shares. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 25.0% of the shares of the stock are sold short.

Insider Transactions at Zoomcar

In other Zoomcar news, CEO Hiroshi Nishijima acquired 32,052 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average cost of $1.56 per share, with a total value of $50,001.12. Following the purchase, the chief executive officer now owns 32,052 shares in the company, valued at approximately $50,001.12. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC acquired a new stake in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar at the end of the most recent quarter. 3.71% of the stock is owned by institutional investors.

Zoomcar Price Performance

Shares of NASDAQ ZCAR opened at $0.41 on Tuesday. Zoomcar has a 52 week low of $0.37 and a 52 week high of $183.00. The company’s 50-day moving average price is $1.49 and its 200 day moving average price is $6.87.

Zoomcar (NASDAQ:ZCAR) last issued its quarterly earnings data on Friday, February 14th. The company reported ($3.56) EPS for the quarter. The company had revenue of $2.45 million for the quarter.

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.