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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 70,100 shares, a decrease of 46.6% from the March 31st total of 131,200 shares. Based on an average trading volume of 723,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Zoomcar Trading Down 7.7 %

ZCAR opened at $0.35 on Friday. Zoomcar has a 12-month low of $0.30 and a 12-month high of $14.75. The firm has a 50 day simple moving average of $0.89.

Zoomcar (NASDAQ:ZCAR) last released its earnings results on Wednesday, February 14th. The company reported $0.90 earnings per share for the quarter. The firm had revenue of $2.42 million for the quarter.

Institutional Trading of Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Alberta Investment Management Corp purchased a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $369,000. Alberta Investment Management Corp owned 0.93% of Zoomcar as of its most recent SEC filing. 3.71% of the stock is currently owned by hedge funds and other institutional investors.

Zoomcar Company Profile

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.