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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 623,100 shares, a growth of 77.2% from the May 31st total of 351,600 shares. Based on an average daily trading volume, of 4,540,000 shares, the short-interest ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are short sold.

Zoomcar Price Performance

Shares of NASDAQ:ZCAR opened at $0.15 on Friday. Zoomcar has a 52-week low of $0.13 and a 52-week high of $14.75. The company has a fifty day moving average of $0.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zoomcar stock. Alberta Investment Management Corp bought a new stake in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $369,000. Alberta Investment Management Corp owned about 0.93% of Zoomcar at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.71% of the company’s stock.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.