Ryde Group Ltd. (NYSEAMERICAN:RYDE) Sees Significant Increase in Short Interest

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 437,370 shares, a growth of 91.6% from the September 15th total of 228,301 shares. Based on an average daily volume of 1,309,509 shares, the short-interest ratio is currently 0.3 days. Approximately 1.3% of the company’s shares are short sold.

Ryde Group Trading Down 1.8%

Shares of NYSEAMERICAN:RYDE traded down $0.01 on Thursday, hitting $0.69. The company had a trading volume of 110,028 shares, compared to its average volume of 1,028,760. The firm’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $0.83. Ryde Group has a 1 year low of $0.20 and a 1 year high of $1.55.

Ryde Group Company Profile

Ryde Group Ltd. is a Singapore-based technology company that operates a mobility platform connecting passengers with private-hire and taxi drivers. Through its Ryde application, users can book point-to-point transportation and access related services through a digital platform.

The company also provides delivery-related services, including on-demand delivery solutions for individuals and businesses. Its platform is primarily focused on serving the Singapore market, where it competes in the ride-hailing, transportation, and mobility-services sectors.

Ryde was founded in Singapore and developed its business around carpooling and ride-booking services before expanding into a broader mobility platform.