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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a large decline in short interest during the month of 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. Based on an average daily volume of 708,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.9% of the shares of the stock are short sold.

Ryde Group Stock Performance

RYDE traded down $0.00 during trading hours on Thursday, reaching $0.32. The company’s stock had a trading volume of 1,199 shares, compared to its average volume of 854,257. Ryde Group has a fifty-two week low of $0.28 and a fifty-two week high of $22.49. The business has a 50-day moving average of $0.40.

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.