Short Interest in Ryde Group Ltd. (NYSEAMERICAN:RYDE) Drops By 53.5%

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 108,100 shares, a decrease of 53.5% from the November 15th total of 232,700 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Ryde Group

An institutional investor recently bought a new position in Ryde Group stock. XTX Topco Ltd purchased a new stake in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) in the 2nd quarter, according to its most recent filing 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 about 0.13% of Ryde Group at the end of the most recent reporting period.

Ryde Group Price Performance

Shares of RYDE stock opened at $0.38 on Friday. Ryde Group has a 1-year low of $0.37 and a 1-year 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.