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

Roadzen Inc. (NASDAQ:RDZN) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 174,132 shares, a growth of 16.4% from the February 12th total of 149,579 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 102,881 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 102,881 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.3% of the shares of the stock are short sold.

Insider Buying and Selling

In other Roadzen news, insider Rohan Malhotra purchased 19,085 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $1.37 per share, with a total value of $26,146.45. Following the acquisition, the insider directly owned 849,642 shares of the company’s stock, valued at approximately $1,164,009.54. This trade represents a 2.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 29.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roadzen

Several institutional investors have recently bought and sold shares of RDZN. AQR Capital Management LLC grew its stake in shares of Roadzen by 51.7% during the 1st 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. Bank of America Corp DE lifted its position in shares of Roadzen by 263.3% in the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock worth $66,000 after purchasing an additional 21,915 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Roadzen during the second quarter worth $78,000. Jane Street Group LLC acquired a new position in Roadzen during the fourth quarter worth $102,000. Finally, Hudson Bay Capital Management LP bought a new position in Roadzen in the fourth quarter valued at $109,000. Institutional investors own 24.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen lowered 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 report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Roadzen Trading Down 6.0%

RDZN opened at $1.10 on Tuesday. The stock has a market capitalization of $87.67 million, a P/E ratio of -5.50 and a beta of 0.46. Roadzen has a 12 month low of $0.68 and a 12 month high of $2.56. The firm’s fifty day simple moving average is $1.58 and its 200 day simple moving average is $1.48.

Roadzen (NASDAQ:RDZN) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business 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.