Short Interest in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) Grows By 129.4%

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 64,000 shares, an increase of 129.4% from the March 15th total of 27,900 shares. Approximately 9.4% of the shares of the company are sold short. Based on an average daily trading volume, of 85,500 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC bought a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.80% of Zoomcar at the end of the most recent quarter. Institutional investors own 3.71% of the company’s stock.

Zoomcar Stock Up 5.1 %

Shares of ZCAR stock opened at $3.32 on Wednesday. Zoomcar has a 12 month low of $2.61 and a 12 month high of $890.40. The company has a 50 day simple moving average of $9.51 and a two-hundred day simple moving average of $75.49.

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

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.