Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Down 53.5% in November

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a significant decrease in short interest during the month of 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. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,900,000 shares, the short-interest ratio is presently 0.1 days.

Ryde Group Price Performance

Shares of NYSEAMERICAN RYDE traded down $0.01 during trading on Friday, reaching $0.38. The company had a trading volume of 124,175 shares, compared to its average volume of 880,635. Ryde Group has a twelve month low of $0.37 and a twelve month high of $22.49.

Hedge Funds Weigh In On Ryde Group

A hedge fund recently bought a new stake in Ryde Group stock. XTX Topco Ltd bought a new position in Ryde Group Ltd. (NYSEAMERICAN:RYDE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,486 shares of the company’s stock, valued at approximately $149,000. XTX Topco Ltd owned 0.13% of Ryde Group at the end of the most recent reporting period.

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.