Roadzen, Inc. (NASDAQ:RDZNW) Sees Large Drop in Short Interest

Roadzen, Inc. (NASDAQ:RDZNW) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 18,200 shares, a decline of 81.9% from the December 15th total of 100,500 shares. Based on an average daily trading volume, of 54,400 shares, the short-interest ratio is currently 0.3 days.

Roadzen Price Performance

Shares of NASDAQ RDZNW traded down $0.00 during mid-day trading on Tuesday, reaching $0.09. The company had a trading volume of 14,909 shares, compared to its average volume of 111,776. The stock has a fifty day moving average of $0.09 and a two-hundred day moving average of $0.08. Roadzen has a 12-month low of $0.03 and a 12-month high of $0.29.

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.