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

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

Hedge Funds Weigh In On Ryde Group

A hedge fund recently raised its stake in Ryde Group stock. Citadel Advisors LLC grew its stake in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.21% of Ryde Group worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Ryde Group Stock Down 6.4%

NYSEAMERICAN RYDE traded down $0.05 during trading on Friday, reaching $0.69. 779,663 shares of the company’s stock were exchanged, compared to its average volume of 5,799,253. The company has a 50 day moving average price of $0.36 and a two-hundred day moving average price of $0.40. Ryde Group has a 1 year low of $0.16 and a 1 year high of $0.89.

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

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.