Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Update

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 314,850 shares, a drop of 34.4% from the February 12th total of 479,767 shares. Based on an average daily volume of 189,267 shares, the short-interest ratio is currently 1.7 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 189,267 shares, the short-interest ratio is currently 1.7 days.

Ryde Group Price Performance

Ryde Group stock traded down $0.05 during trading hours on Friday, hitting $0.69. 779,663 shares of the stock were exchanged, compared to its average volume of 5,799,253. The business’s 50-day moving average is $0.36 and its two-hundred day moving average is $0.40. Ryde Group has a 12 month low of $0.16 and a 12 month high of $0.89.

Ryde Group (NYSEAMERICAN:RYDE) last posted its earnings results on Friday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $2.26 million for the quarter.

Hedge Funds Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC grew its holdings in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,709 shares of the company’s stock after purchasing an additional 54,272 shares during the quarter. Citadel Advisors LLC owned about 0.21% of Ryde Group worth $27,000 as of its most recent filing with the SEC.

About Ryde Group

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.