Roadzen Inc. (NASDAQ:RDZN) Short Interest Update

by · The Cerbat Gem

Roadzen Inc. (NASDAQ:RDZN – Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 103,442 shares, a drop of 76.8% from the December 15th total of 445,687 shares. Based on an average daily trading volume, of 264,027 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 264,027 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Roadzen in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Research Report on RDZN

Roadzen Price Performance

Shares of NASDAQ RDZN traded down $0.12 during midday trading on Wednesday, hitting $1.84. The stock had a trading volume of 319,759 shares, compared to its average volume of 237,568. The firm has a market cap of $145.71 million, a P/E ratio of -15.33 and a beta of 0.41. Roadzen has a fifty-two week low of $0.68 and a fifty-two week high of $2.56. The company’s 50-day simple moving average is $1.79 and its 200 day simple moving average is $1.36.

Roadzen (NASDAQ:RDZN – Get Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $12.00 million.

Institutional Investors Weigh In On Roadzen

Several institutional investors have recently modified their holdings of RDZN. Qube Research & Technologies Ltd acquired a new position in Roadzen in the second quarter valued at approximately $78,000. Marshall Wace LLP bought a new stake in shares of Roadzen during the 2nd quarter valued at $144,000. Prospera Financial Services Inc bought a new stake in shares of Roadzen during the 2nd quarter valued at $171,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Roadzen in the 2nd quarter valued at $159,000. Finally, Ground Swell Capital LLC bought a new position in shares of Roadzen in the 2nd quarter worth $26,000. Institutional investors and hedge funds own 24.73% of the company’s stock.

About Roadzen

(Get Free Report)

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.

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