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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 106,800 shares, a drop of 19.2% from the February 28th total of 132,100 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 694,600 shares, the days-to-cover ratio is currently 0.2 days.

Ryde Group Price Performance

RYDE stock traded up $0.01 during trading on Wednesday, reaching $0.27. The stock had a trading volume of 74,383 shares, compared to its average volume of 852,298. Ryde Group has a 1-year low of $0.24 and a 1-year high of $22.49. The company has a fifty day moving average of $0.37.

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.