Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Up 141.8% in March

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 761,308 shares, a growth of 141.8% from the February 26th total of 314,850 shares. Based on an average trading volume of 11,503,722 shares, the short-interest ratio is presently 0.1 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Ryde Group

A hedge fund recently raised its stake in Ryde Group stock. Citadel Advisors LLC lifted its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,709 shares of the company’s stock after buying an additional 54,272 shares during the period. Citadel Advisors LLC owned about 0.21% of Ryde Group worth $27,000 at the end of the most recent quarter.

Ryde Group Trading Down 6.3%

Shares of NYSEAMERICAN:RYDE traded down $0.03 during midday trading on Friday, reaching $0.49. 464,067 shares of the company were exchanged, compared to its average volume of 6,170,262. Ryde Group has a fifty-two week low of $0.16 and a fifty-two week high of $0.89. The stock has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.42.

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.