Roadzen, Inc. (NASDAQ:RDZNW) Sees Significant Growth in Short Interest

Roadzen, Inc. (NASDAQ:RDZNW) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 81,400 shares, an increase of 23.5% from the August 31st total of 65,900 shares. Based on an average daily trading volume, of 19,500 shares, the days-to-cover ratio is presently 4.2 days.

Roadzen Price Performance

RDZNW stock remained flat at $0.06 during midday trading on Friday. The company’s stock had a trading volume of 114 shares, compared to its average volume of 21,788. The business has a 50-day moving average of $0.08 and a 200 day moving average of $0.08. Roadzen has a 52 week low of $0.02 and a 52 week high of $0.16.

Roadzen Company Profile

Roadzen, Inc, an insurtech company, provides various insurance products in the United States and internationally. It offers insurance as a service platform, including Via, which enables fleets, carmakers, and insurers to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; xClaim, which enables digital, touchless, and real-time resolution of claims; StrandD, a digital, real-time dispatch, and tracking for roadside assistance and first notice of loss during accident claims; Good Driving that enables insurers and fleets to recognize drivers, train drivers, and build usage based insurance programs; and Drivebuddy AI, which provides driver-assistance capabilities.