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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 745,677 shares, a decline of 52.2% from the May 31st total of 1,560,885 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 389,091 shares, the short-interest ratio is currently 1.9 days.

Insider Transactions at Ryde Group

In other news, CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $0.85, for a total value of $525,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC boosted its stake in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,709 shares of the company’s stock after acquiring an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 as of its most recent SEC filing.

Ryde Group Trading Down 1.7%

Shares of NYSEAMERICAN:RYDE traded down $0.01 during trading on Tuesday, reaching $0.62. The company had a trading volume of 8,837 shares, compared to its average volume of 1,423,113. The firm’s fifty day moving average is $0.97 and its 200 day moving average is $0.65. Ryde Group has a twelve month low of $0.20 and a twelve month high of $1.55.

Ryde Group (NYSEAMERICAN:RYDE) last announced its earnings results on Friday, April 24th. The company reported ($0.12) EPS for the quarter. The company had revenue of $2.60 million during the quarter.

Ryde Group Company Profile

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.