Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Up 261.1% in October

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 443,400 shares, a growth of 261.1% from the September 30th total of 122,800 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Ryde Group

A hedge fund recently bought a new stake in Ryde Group stock. Virtu Financial LLC purchased a new stake in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,535 shares of the company’s stock, valued at approximately $57,000. Virtu Financial LLC owned about 0.08% of Ryde Group at the end of the most recent quarter.

Ryde Group Stock Performance

NYSEAMERICAN RYDE remained flat at $0.63 during trading hours on Friday. 458,604 shares of the company’s stock were exchanged, compared to its average volume of 990,373. Ryde Group has a 1 year low of $0.60 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.