Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Short Interest Down 94.2% in March

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 27,900 shares, a decline of 94.2% from the February 28th total of 477,700 shares. Based on an average trading volume of 121,700 shares, the short-interest ratio is currently 0.2 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Trading of Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC purchased a new position in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.80% 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 Price Performance

Shares of NASDAQ:ZCAR opened at $4.82 on Friday. Zoomcar has a 52 week low of $4.26 and a 52 week high of $1,260.00. The company’s 50 day moving average is $17.72 and its two-hundred day moving average is $103.17.

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

Zoomcar Company Profile

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.