Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Expands By 64.2%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 173,200 shares, a growth of 64.2% from the December 15th total of 105,500 shares. Approximately 8.4% of the company’s shares are short sold. Based on an average daily trading volume, of 2,270,000 shares, the days-to-cover ratio is presently 0.1 days.

Zoomcar Trading Down 5.2 %

NASDAQ:ZCAR opened at $2.01 on Wednesday. The stock has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $9.93. Zoomcar has a 52-week low of $1.25 and a 52-week high of $638.00.

Insider Transactions at Zoomcar

In other Zoomcar news, CEO Hiroshi Nishijima bought 32,052 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average cost of $1.56 per share, with a total value of $50,001.12. Following the purchase, the chief executive officer now owns 32,052 shares in the company, valued at $50,001.12. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark F. Sr. Bailey purchased 184,112 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $4.28 per share, for a total transaction of $787,999.36. Following the purchase, the director now owns 1,534,496 shares of the company’s stock, valued at approximately $6,567,642.88. This represents a 13.63 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 14.80% of the company’s stock.

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.