Roadzen Inc. (NASDAQ:RDZN) Short Interest Update

Roadzen Inc. (NASDAQ:RDZN) saw a large 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. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 215,241 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 215,241 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp bought a new stake in Roadzen in the 4th quarter worth approximately $112,000. Hudson Bay Capital Management LP bought a new position in shares of Roadzen during the 4th quarter valued at $109,000. Jane Street Group LLC bought a new stake in shares of Roadzen in the fourth quarter worth $102,000. Goldman Sachs Group Inc. increased its position in Roadzen by 43.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock valued at $424,000 after acquiring an additional 53,694 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Roadzen in the second quarter valued at about $78,000. Institutional investors own 24.73% of the company’s stock.

Roadzen Trading Up 3.1%

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

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RDZN shares. Wall Street Zen cut Roadzen from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Roadzen presently has an average rating of “Sell”.

About Roadzen

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.