Short Interest in Ryde Group Ltd. (NYSEAMERICAN:RYDE) Rises By 141.8%

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a significant increase in short interest in 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. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 11,503,722 shares, the days-to-cover ratio is presently 0.1 days.

Ryde Group Trading Up 15.7%

NYSEAMERICAN:RYDE opened at $0.46 on Thursday. The business’s fifty day moving average is $0.40 and its 200 day moving average is $0.42. Ryde Group has a 52-week low of $0.16 and a 52-week high of $0.89.

Institutional Investors Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC lifted its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 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.