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

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

Institutional Trading of Zoomcar

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

Zoomcar Trading Down 22.4 %

NASDAQ ZCAR opened at $3.23 on Friday. Zoomcar has a fifty-two week low of $2.61 and a fifty-two week high of $890.40. The stock has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $73.07.

Zoomcar (NASDAQ:ZCAR) last released its quarterly earnings data on Friday, February 14th. The company reported ($71.20) EPS for the quarter. The business 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.