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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 759,100 shares, a drop of 51.3% from the September 15th total of 1,560,000 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 7,130,000 shares, the days-to-cover ratio is currently 0.1 days.

Zoomcar Price Performance

ZCAR opened at $0.14 on Friday. Zoomcar has a 1 year low of $0.10 and a 1 year high of $14.75. The stock has a 50-day moving average price of $0.14 and a 200-day moving average price of $0.21.

Zoomcar (NASDAQ:ZCAR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $2.24 million for the quarter.

Hedge Funds Weigh In On Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Clear Street LLC purchased a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,999 shares of the company’s stock, valued at approximately $26,000. Clear Street LLC owned about 0.07% 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. 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.