Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Up 64.2% in December

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

Insider Activity

In related news, CEO Hiroshi Nishijima acquired 32,052 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of $1.56 per share, for a total transaction of $50,001.12. Following the completion of the acquisition, the chief executive officer now directly owns 32,052 shares in the company, valued at approximately $50,001.12. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark F. Sr. Bailey acquired 184,112 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,534,496 shares of the company’s stock, valued at approximately $6,567,642.88. This trade represents a 13.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.80% of the stock is owned by insiders.

Zoomcar Price Performance

Zoomcar stock opened at $2.01 on Wednesday. Zoomcar has a twelve month low of $1.25 and a twelve month high of $638.00. The company’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $9.93.

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.