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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 70,100 shares, a drop of 46.6% from the March 31st total of 131,200 shares. Based on an average daily trading volume, of 723,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Zoomcar Stock Down 3.1 %

Shares of ZCAR opened at $0.34 on Friday. Zoomcar has a 1 year low of $0.30 and a 1 year high of $14.75. The firm’s 50 day moving average is $0.87.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zoomcar stock. Clear Street LLC acquired a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,999 shares of the company’s stock, valued at approximately $26,000. Clear Street LLC owned approximately 0.07% of Zoomcar as of its most recent SEC filing. 3.71% of the stock is currently owned by hedge funds and other institutional investors.

About Zoomcar

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.