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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 108,100 shares, a decline of 53.5% from the November 15th total of 232,700 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is currently 0.1 days.

Ryde Group Stock Performance

NYSEAMERICAN RYDE traded down $0.01 on Thursday, hitting $0.39. 60,575 shares of the company were exchanged, compared to its average volume of 884,516. Ryde Group has a twelve month low of $0.37 and a twelve month high of $22.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ryde Group stock. XTX Topco Ltd acquired a new position in Ryde Group Ltd. (NYSEAMERICAN:RYDE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,486 shares of the company’s stock, valued at approximately $149,000. XTX Topco Ltd owned 0.13% of Ryde Group as of its most recent filing with the SEC.

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.