Zoomcar Holdings, Inc. (NASDAQ:ZCARW) Sees Significant Drop in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCARW) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 15,800 shares, a drop of 70.8% from the February 28th total of 54,200 shares. Based on an average daily volume of 105,700 shares, the days-to-cover ratio is presently 0.1 days.

Zoomcar Stock Down 15.8 %

NASDAQ:ZCARW opened at $0.01 on Thursday. The firm’s 50-day moving average price is $0.02 and its 200-day moving average price is $0.02. Zoomcar has a 1-year low of $0.01 and a 1-year high of $0.04.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.