Swvl (NASDAQ:SWVL) Trading 3.9% Higher – Should You Buy?

Swvl Holdings Corp. (NASDAQ:SWVL) shares traded up 3.9% during trading on Monday . The company traded as high as $4.63 and last traded at $4.45. 4,222 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 42,252 shares. The stock had previously closed at $4.28.

Swvl Stock Performance

The firm’s 50 day moving average price is $4.89 and its two-hundred day moving average price is $4.82.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. HITE Hedge Asset Management LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned 0.48% of Swvl at the end of the most recent quarter. 34.03% of the stock is owned by hedge funds and other institutional investors.

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.