Roadzen, Inc. (NASDAQ:RDZN) Short Interest Up 441.8% in June

Roadzen, Inc. (NASDAQ:RDZN) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 99,700 shares, a growth of 441.8% from the June 15th total of 18,400 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is presently 0.1 days.

Roadzen Trading Up 0.5 %

RDZN stock traded up $0.01 during midday trading on Friday, reaching $2.15. 406,638 shares of the company’s stock traded hands, compared to its average volume of 974,109. The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $4.73. Roadzen has a 1-year low of $1.55 and a 1-year high of $17.00.

Analyst Ratings Changes

Separately, Maxim Group assumed coverage on shares of Roadzen in a research report on Thursday, May 23rd. They set a “buy” rating and a $10.00 target price on the stock.

Roadzen Company Profile

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.