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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,844,036 shares, an increase of 203.9% from the March 31st total of 606,755 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average daily volume of 2,545,535 shares, the days-to-cover ratio is presently 0.7 days.

Ryde Group Trading Down 19.0%

Shares of NYSEAMERICAN:RYDE traded down $0.24 during trading on Monday, hitting $1.01. 685,075 shares of the company’s stock traded hands, compared to its average volume of 2,069,348. The company has a 50-day moving average price of $0.73 and a 200-day moving average price of $0.52. Ryde Group has a 52 week low of $0.16 and a 52 week high of $1.55.

Ryde Group (NYSEAMERICAN:RYDE) last posted its earnings results on Friday, April 24th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $2.60 million during the quarter.

Institutional Investors Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC grew its stake in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,709 shares of the company’s stock after acquiring an additional 54,272 shares during the period. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 at the end of the most recent quarter.

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.