Short Interest in Roadzen, Inc. (NASDAQ:RDZNW) Increases By 84.7%

Roadzen, Inc. (NASDAQ:RDZNW) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 12,950 shares, an increase of 84.7% from the April 30th total of 7,011 shares. Based on an average daily volume of 25,742 shares, the days-to-cover ratio is presently 0.5 days.

Roadzen Price Performance

Shares of NASDAQ RDZNW opened at $0.22 on Tuesday. The business has a 50-day simple moving average of $0.16 and a two-hundred day simple moving average of $0.18. Roadzen has a fifty-two week low of $0.05 and a fifty-two week high of $0.32.

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.