Ryde Group Ltd. (NYSEAMERICAN:RYDE) Shares Shorted: Short Interest Up 91.6% in September

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. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 1,309,509 shares, the short-interest ratio is currently 0.3 days.

Ryde Group Price Performance

NYSEAMERICAN RYDE traded down $0.03 during mid-day trading on Friday, reaching $0.66. 353,244 shares of the company’s stock traded hands, compared to its average volume of 1,025,365. Ryde Group has a 1-year low of $0.20 and a 1-year high of $1.55. The company has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $0.83.

About Ryde Group

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.