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

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 232,700 shares, a drop of 39.2% from the October 31st total of 383,000 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 2,050,000 shares, the short-interest ratio is currently 0.1 days.

Ryde Group Price Performance

Shares of NYSEAMERICAN:RYDE traded down $0.02 on Thursday, reaching $0.41. The company’s stock had a trading volume of 125,305 shares, compared to its average volume of 923,814. Ryde Group has a 52-week low of $0.40 and a 52-week high of $22.49.

Hedge Funds Weigh In On Ryde Group

A hedge fund recently bought a new stake in Ryde Group stock. XTX Topco Ltd purchased a new position in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,486 shares of the company’s stock, valued at approximately $149,000. XTX Topco Ltd owned 0.13% of Ryde Group 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.