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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 745,677 shares, a drop of 52.2% from the May 31st total of 1,560,885 shares. Based on an average daily trading volume, of 389,091 shares, the days-to-cover ratio is currently 1.9 days. Currently, 2.2% of the shares of the company are short sold.

Ryde Group Stock Down 1.7%

Shares of Ryde Group stock traded down $0.01 during trading on Tuesday, reaching $0.62. The company’s stock had a trading volume of 8,837 shares, compared to its average volume of 1,423,113. Ryde Group has a 12-month low of $0.20 and a 12-month high of $1.55. The business has a 50 day moving average price of $0.97 and a 200-day moving average price of $0.65.

Ryde Group (NYSEAMERICAN:RYDE) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $2.60 million during the quarter.

Insider Transactions at Ryde Group

In other Ryde Group news, CEO Junming Terence Zou sold 618,750 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $0.85, for a total transaction of $525,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Ryde Group

An institutional investor recently raised its stake in Ryde Group stock. Citadel Advisors LLC grew its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 0.21% of Ryde Group worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

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.