Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Down 22.1% in January

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 346,900 shares, a decline of 22.1% from the January 15th total of 445,400 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is presently 0.2 days. Currently, 16.7% of the company’s shares are sold short.

Insider Transactions at Zoomcar

In other Zoomcar news, CEO Hiroshi Nishijima purchased 32,052 shares of the company’s stock in a transaction 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 completion of the purchase, the chief executive officer now owns 32,052 shares in the company, valued at $50,001.12. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC purchased a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 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 reporting period. 3.71% of the stock is owned by institutional investors and hedge funds.

Zoomcar Stock Performance

Shares of NASDAQ:ZCAR opened at $1.48 on Friday. The business has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $7.91. Zoomcar has a 1 year low of $1.00 and a 1 year high of $183.00.

Zoomcar Company Profile

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.