Roadzen, Inc. (NASDAQ:RDZNW) Stock Short Interest Declines 76.4%

Roadzen, Inc. (NASDAQ:RDZNW) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,826 shares, a decrease of 76.4% from the August 31st total of 16,215 shares. Based on an average daily volume of 8,724 shares, the days-to-cover ratio is presently 0.4 days.

Roadzen Trading Up 7.3%

RDZNW stock traded up $0.01 during trading on Friday, hitting $0.09. 777 shares of the stock traded hands, compared to its average volume of 17,373. Roadzen has a one year low of $0.05 and a one year high of $0.32. The company has a 50 day simple moving average of $0.10 and a 200 day simple moving average of $0.14.

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.