Zoomcar Holdings, Inc. (NASDAQ:ZCAR – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 8,700 shares, a drop of 98.9% from the September 30th total of 759,100 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 82,500 shares, the days-to-cover ratio is currently 0.1 days.
Zoomcar Trading Down 23.2 %
NASDAQ:ZCAR opened at $6.12 on Friday. Zoomcar has a 1-year low of $5.40 and a 1-year high of $1,289.00. The stock has a fifty day simple moving average of $13.14 and a 200 day simple moving average of $18.22.
Zoomcar (NASDAQ:ZCAR – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share for the quarter. The company had revenue of $2.24 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.
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