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

Roadzen, Inc. (NASDAQ:RDZNW) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 200 shares, a drop of 37.1% from the March 15th total of 318 shares. Based on an average trading volume of 2,656 shares, the days-to-cover ratio is presently 0.1 days.

Roadzen Price Performance

Roadzen stock traded up $0.01 during trading on Tuesday, reaching $0.13. The company had a trading volume of 11,400 shares, compared to its average volume of 14,703. The firm’s 50-day simple moving average is $0.13 and its 200 day simple moving average is $0.16. 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.