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
(
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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.
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