Ryde Group Ltd. (NYSEAMERICAN:RYDE) Sees Significant Drop in Short Interest

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 132,100 shares, a decline of 14.5% from the February 13th total of 154,500 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 708,900 shares, the short-interest ratio is currently 0.2 days.

Ryde Group Trading Down 0.9 %

NYSEAMERICAN:RYDE traded down $0.00 during trading hours on Thursday, hitting $0.32. 1,199 shares of the stock were exchanged, compared to its average volume of 854,257. Ryde Group has a 52-week low of $0.28 and a 52-week high of $22.49. The business’s fifty day simple moving average is $0.40.

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.