Short Interest in Ryde Group Ltd. (NYSEAMERICAN:RYDE) Drops By 14.5%

Ryde Group Ltd. (NYSEAMERICAN:RYDE) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 132,100 shares, a drop of 14.5% from the February 13th total of 154,500 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 708,900 shares, the short-interest ratio is presently 0.2 days.

Ryde Group Stock Performance

Shares of RYDE opened at $0.32 on Friday. The stock’s 50-day moving average is $0.40. Ryde Group has a fifty-two week low of $0.28 and a fifty-two week high of $22.49.

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.