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

Roadzen, Inc. (NASDAQ:RDZNW) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 7,011 shares, a growth of 3,405.5% from the April 15th total of 200 shares. Based on an average trading volume of 26,525 shares, the days-to-cover ratio is presently 0.3 days.

Roadzen Trading Down 22.3%

Shares of Roadzen stock traded down $0.05 on Monday, hitting $0.19. 17,274 shares of the company’s stock were exchanged, compared to its average volume of 20,146. The company has a 50-day simple moving average of $0.13 and a 200-day simple moving average of $0.17. Roadzen has a 1 year low of $0.04 and a 1 year high of $0.32.

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.