Short Interest in Ryde Group Ltd. (NYSEAMERICAN:RYDE) Drops By 19.2%

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 106,800 shares, a decline of 19.2% from the February 28th total of 132,100 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 694,600 shares, the short-interest ratio is currently 0.2 days.

Ryde Group Stock Performance

Shares of NYSEAMERICAN:RYDE traded up $0.01 on Tuesday, hitting $0.26. 114,538 shares of the company’s stock were exchanged, compared to its average volume of 852,355. Ryde Group has a 1-year low of $0.24 and a 1-year high of $22.49. The stock’s 50-day moving average is $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.