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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 136,200 shares, an increase of 112.8% from the March 31st total of 64,000 shares. Based on an average daily trading volume, of 104,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 21.1% of the shares of the company are short sold.

Zoomcar Stock Performance

ZCAR opened at $3.70 on Tuesday. Zoomcar has a twelve month low of $2.61 and a twelve month high of $880.00. The firm’s 50-day moving average price is $5.57 and its 200 day moving average price is $57.12.

Zoomcar (NASDAQ:ZCAR) last posted its earnings results on Friday, February 14th. The company reported ($71.20) earnings per share (EPS) for the quarter. The business had revenue of $2.45 million during the quarter.

Institutional Trading of Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC purchased a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% of Zoomcar at the end of the most recent reporting period. 3.71% of the stock is owned by institutional investors and hedge funds.

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.