Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Down 15.3% in February

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 154,500 shares, a drop of 15.3% from the January 31st total of 182,500 shares. Based on an average daily trading volume, of 692,000 shares, the short-interest ratio is presently 0.2 days. Currently, 1.0% of the company’s shares are sold short.

Ryde Group Stock Up 2.0 %

Shares of RYDE stock opened at $0.35 on Wednesday. The company has a 50-day moving average of $0.41. Ryde Group has a 1-year low of $0.28 and a 1-year high of $22.49.

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.