Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Grows By 52.0%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 527,200 shares, a growth of 52.0% from the January 31st total of 346,900 shares. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 25.0% of the company’s stock are sold short.

Insider Transactions at Zoomcar

In other Zoomcar news, CEO Hiroshi Nishijima purchased 32,052 shares of Zoomcar stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of $1.56 per share, for a total transaction of $50,001.12. Following the transaction, the chief executive officer now directly owns 32,052 shares in the company, valued at $50,001.12. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC acquired a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.71% of the company’s stock.

Zoomcar Trading Down 10.7 %

ZCAR stock opened at $0.41 on Tuesday. The company has a fifty day moving average price of $1.49 and a 200 day moving average price of $6.87. Zoomcar has a 12 month low of $0.37 and a 12 month high of $183.00.

Zoomcar (NASDAQ:ZCAR) last released its quarterly earnings results on Friday, February 14th. The company reported ($3.56) EPS for the quarter. The company had revenue of $2.45 million for the quarter.

About Zoomcar

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.