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

Ryde Group Ltd. (NYSEAMERICAN:RYDEGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 761,308 shares, an increase of 141.8% from the February 26th total of 314,850 shares. Based on an average daily volume of 11,503,722 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.2% of the shares of the stock are sold short.

Ryde Group Price Performance

RYDE stock opened at $0.46 on Thursday. The firm has a 50 day simple moving average of $0.40 and a two-hundred day simple moving average of $0.42. Ryde Group has a one year low of $0.16 and a one year high of $0.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ryde Group stock. Citadel Advisors LLC increased its holdings in Ryde Group Ltd. (NYSEAMERICAN:RYDEFree Report) by 311.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,709 shares of the company’s stock after purchasing an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Ryde Group Company Profile

(Get Free Report)

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.

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