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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 8,700 shares, a decline of 98.9% from the September 30th total of 759,100 shares. Based on an average daily volume of 82,500 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the company’s stock are sold short.

Zoomcar Trading Down 15.3 %

Shares of NASDAQ:ZCAR traded down $1.22 during midday trading on Friday, reaching $6.75. 27,342 shares of the company’s stock traded hands, compared to its average volume of 62,875. Zoomcar has a one year low of $5.40 and a one year high of $1,289.00. The stock has a 50 day moving average of $13.43 and a 200 day moving average of $18.55.

Zoomcar (NASDAQ:ZCAR) last released its earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter. The company had revenue of $2.24 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.