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

Zoomcar Holdings, Inc. (NASDAQ:ZCAR - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 32,200 shares, a growth of 270.1% from the October 15th total of 8,700 shares. Approximately 4.8% of the company's shares are short sold. Based on an average daily volume of 684,100 shares, the short-interest ratio is presently 0.0 days.

Zoomcar Trading Up 4.9 %

Shares of Zoomcar stock traded up $0.33 during trading hours on Tuesday, reaching $7.13. The company's stock had a trading volume of 250,438 shares, compared to its average volume of 234,419. Zoomcar has a one year low of $3.93 and a one year high of $1,289.00. The company's 50 day simple moving average is $11.32 and its 200 day simple moving average is $15.69.

Zoomcar (NASDAQ:ZCAR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) EPS for the quarter. The company had revenue of $2.24 million for 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.