Roadzen, Inc. (NASDAQ:RDZNW) Short Interest Up 172.3% in July

Roadzen, Inc. (NASDAQ:RDZNW) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 19,105 shares, a growth of 172.3% from the July 15th total of 7,017 shares. Based on an average daily trading volume, of 20,347 shares, the days-to-cover ratio is presently 0.9 days.

Roadzen Stock Performance

Shares of NASDAQ RDZNW traded up $0.02 during mid-day trading on Friday, hitting $0.14. 7,000 shares of the stock were exchanged, compared to its average volume of 17,671. Roadzen has a twelve month low of $0.05 and a twelve month high of $0.32. The stock’s fifty day simple moving average is $0.15 and its two-hundred day simple moving average is $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.