Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Update

Key Points

• Short interest surged 203.9% in April to 1,844,036 shares as of April 15, equal to about 5.4% of shares outstanding and a days‑to‑cover ratio of 0.7.
• Citadel Advisors LLC boosted its Q3 stake by 311.2% to 71,709 shares (about 0.21% of the company), adding 54,272 shares during the quarter.
• Ryde stock traded at $1.24 midday (down $0.24) with a 12‑month range of $0.16–$1.55 and 50‑/200‑day moving averages of $0.73 and $0.52, respectively.

Ryde Group Ltd. (NYSEAMERICAN:RYDE - ) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,844,036 shares, an increase of 203.9% from the March 31st total of 606,755 shares. Based on an average daily volume of 2,545,535 shares, the days-to-cover ratio is presently 0.7 days. Approximately 5.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC boosted its holdings in Ryde Group Ltd. (NYSEAMERICAN:RYDE - Free Report) by 311.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,709 shares of the company's stock after acquiring an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 at the end of the most recent reporting period.

Ryde Group Stock Performance

Shares of NYSEAMERICAN:RYDE traded down $0.24 during midday trading on Friday, reaching $1.24. 177,822 shares of the company traded hands, compared to its average volume of 1,559,545. Ryde Group has a 12 month low of $0.16 and a 12 month high of $1.55. The firm's fifty day moving average price is $0.73 and its two-hundred day moving average price is $0.52.

Ryde Group Company Profile

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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