Swvl (NASDAQ:SWVL) Stock Price Up 3.9% – Here’s What Happened

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

Swvl Price Performance

The firm’s 50 day simple moving average is $4.89 and its 200-day simple moving average is $4.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Swvl stock. HITE Hedge Asset Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,910 shares of the company’s stock, valued at approximately $210,000. HITE Hedge Asset Management LLC owned about 0.48% of Swvl at the end of the most recent quarter. Hedge funds and other institutional investors own 34.03% of the company’s stock.

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.