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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 116,100 shares, a growth of 260.6% from the October 31st total of 32,200 shares. Based on an average trading volume of 702,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 17.6% of the company’s shares are short sold.

Zoomcar Stock Down 7.8 %

ZCAR stock traded down $0.41 during trading on Wednesday, reaching $4.86. 61,207 shares of the stock were exchanged, compared to its average volume of 243,834. Zoomcar has a twelve month low of $3.93 and a twelve month high of $1,289.00. The firm’s 50 day moving average is $9.90 and its 200 day moving average is $13.71.

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.