Ryde Group Ltd. (NYSEAMERICAN:RYDE) Short Interest Down 82.3% in December

Ryde Group Ltd. (NYSEAMERICAN:RYDE) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 36,852 shares, a decline of 82.3% from the December 15th total of 208,040 shares. Based on an average daily trading volume, of 1,304,018 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,304,018 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered Ryde Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Ryde Group Stock Performance

Shares of NYSEAMERICAN:RYDE traded down $0.00 during midday trading on Monday, hitting $0.31. The company’s stock had a trading volume of 511,533 shares, compared to its average volume of 207,612. Ryde Group has a 12-month low of $0.16 and a 12-month high of $0.89. The business’s 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.39.

Ryde Group (NYSEAMERICAN:RYDE) last released its quarterly earnings data on Friday, October 24th. The company reported ($0.06) EPS for the quarter. The business had revenue of $2.26 million for the quarter.

Institutional Trading of Ryde Group

A hedge fund recently raised its stake in Ryde Group stock. Citadel Advisors LLC grew its stake in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in 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 about 0.21% of Ryde Group worth $27,000 as of its most recent SEC filing.

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.