Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Sees Large Drop in Short Interest

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 27,900 shares, a decrease of 94.2% from the February 28th total of 477,700 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 121,700 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC purchased a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.80% of Zoomcar as of its most recent SEC filing. Institutional investors own 3.71% of the company’s stock.

Zoomcar Price Performance

NASDAQ:ZCAR opened at $4.88 on Thursday. The business’s 50-day simple moving average is $18.43 and its two-hundred day simple moving average is $103.86. Zoomcar has a 52 week low of $4.26 and a 52 week high of $1,260.00.

Zoomcar (NASDAQ:ZCAR) last posted its quarterly earnings results on Friday, February 14th. The company reported ($71.20) EPS for the quarter. The company had revenue of $2.45 million during the quarter.

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.