Roadzen Inc. (NASDAQ:RDZN) Sees Large Growth in Short Interest

Roadzen Inc. (NASDAQ:RDZN) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 149,579 shares, a growth of 207.5% from the January 29th total of 48,643 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 215,241 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 215,241 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

RDZN has been the topic of several analyst reports. Wall Street Zen downgraded Roadzen from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Roadzen

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Roadzen by 263.3% in the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock worth $66,000 after buying an additional 21,915 shares during the period. AQR Capital Management LLC boosted its stake in Roadzen by 51.7% during the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after acquiring an additional 13,830 shares in the last quarter. Jane Street Group LLC bought a new stake in Roadzen during the fourth quarter worth about $102,000. Hudson Bay Capital Management LP purchased a new stake in Roadzen in the fourth quarter worth about $109,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Roadzen during the fourth quarter valued at approximately $112,000. Institutional investors own 24.73% of the company’s stock.

Roadzen Trading Up 3.1%

RDZN stock opened at $1.35 on Thursday. The stock has a market capitalization of $107.60 million, a price-to-earnings ratio of -6.75 and a beta of 0.41. The firm’s 50-day moving average price is $1.80 and its two-hundred day moving average price is $1.46. Roadzen has a 12-month low of $0.68 and a 12-month high of $2.56.

Roadzen (NASDAQ:RDZN) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.12) EPS for the quarter. The company had revenue of $14.36 million during the quarter.

Roadzen Company Profile

Roadzen (NASDAQ:RDZN) is a global technology provider specializing in AI-driven telematics, data analytics and risk management solutions for the automotive and insurance industries. The company’s core offerings include usage-based insurance (UBI) platforms, driver behavior analytics tools and predictive risk modeling services. By leveraging machine learning algorithms, telematics data and mobile connectivity, Roadzen enables insurers and fleet operators to optimize underwriting processes and enhance policyholder engagement through personalized pricing and proactive risk mitigation.

Founded in 2015 and headquartered in Singapore, Roadzen has established regional operations and development centers in India and other key markets across Asia-Pacific and Latin America.