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

Roadzen, Inc. (NASDAQ:RDZNW) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,200 shares, a decrease of 81.9% from the December 31st total of 100,500 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 0.3 days.

Roadzen Price Performance

Shares of RDZNW traded down $0.01 during mid-day trading on Tuesday, hitting $0.08. 32,854 shares of the company’s stock were exchanged, compared to its average volume of 99,797. The business’s 50 day moving average is $0.10 and its two-hundred day moving average is $0.08. Roadzen has a fifty-two week low of $0.03 and a fifty-two week high of $0.29.

About Roadzen

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.