RYDE Reports Monday: Short Bets Fall 18%

Short interest dropped 17.7% over the past week while borrowing costs remain elevated. Ryde Group reports Q1 results April 28 with limited analyst coverage and no recent institutional activity.

Short interest positioning

Short interest stands at 847,000 shares, or 1.23% of free float, as of April 23. The metric fell 11.8% overnight and 17.7% over the past week. One-month short interest is up 43.2%, suggesting recent position-building followed by profit-taking. Days to cover sits at 1.0 per FINRA's April 15 settlement data.

Cost to borrow and utilization

Borrowing costs are 37.7% APR, down 23.9% over the past week from a peak above 52% on April 13. Utilization is 79.8%, well below the 52-week high of 96.9%. The decline in both metrics suggests shorts are covering and fewer new positions are being established.

Analyst activity

Coverage is minimal and stale. Maxim Group issued the last rating in May 2024, raising its target from $8 to $9 while maintaining a Buy rating. The firm's current $9 target is nearly 7x the $1.24 closing price. No other analysts cover the stock.

Valuation & factor positioning

Enterprise value is $9.5 million as of October 2025. No current PE, P/B, or P/S multiples are available. Factor scores are unavailable across momentum, quality, and value. The ORTEX short score is 59.0, indicating moderate short pressure relative to the broader market.