Ryde Group Ltd. (NYSEAMERICAN:RYDE) Sees Large Decrease in Short Interest

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 132,100 shares, a decrease of 14.5% from the February 13th total of 154,500 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 708,900 shares, the days-to-cover ratio is presently 0.2 days.

Ryde Group Stock Up 1.0 %

Shares of NYSEAMERICAN RYDE traded up $0.00 during trading on Wednesday, reaching $0.32. 31,501 shares of the company traded hands, compared to its average volume of 854,364. Ryde Group has a 52-week low of $0.28 and a 52-week high of $22.49. The firm’s 50 day moving average price is $0.41.

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.