Ryde Group Ltd. (NYSEAMERICAN:RYDE - Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 60,800 shares, a drop of 44.8% from the August 15th total of 110,100 shares. Based on an average daily volume of 559,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the shares of the stock are sold short.
Institutional Trading of Ryde Group
A hedge fund recently bought a new stake in Ryde Group stock. XTX Topco Ltd purchased a new position in Ryde Group Ltd. (NYSEAMERICAN:RYDE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,486 shares of the company's stock, valued at approximately $149,000. XTX Topco Ltd owned approximately 0.13% of Ryde Group as of its most recent SEC filing.
Ryde Group Stock Down 7.7 %
Shares of RYDE stock traded down $0.16 during trading on Friday, hitting $1.92. 8,740,404 shares of the stock traded hands, compared to its average volume of 752,982. Ryde Group has a 52-week low of $0.76 and a 52-week high of $22.49.
Ryde Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Ryde Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryde Group wasn't on the list.
While Ryde Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
