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

Roadzen, Inc. (NASDAQ:RDZNW) was the target of a significant 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 trading volume of 54,400 shares, the days-to-cover ratio is presently 0.3 days.

Roadzen Stock Down 15.5 %

NASDAQ:RDZNW traded down $0.01 during trading hours on Tuesday, hitting $0.08. The company had a trading volume of 32,854 shares, compared to its average volume of 99,797. Roadzen has a 1 year low of $0.03 and a 1 year high of $0.29. The company has a 50-day moving average of $0.10 and a 200 day moving average of $0.08.

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.