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

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

Roadzen Stock Performance

Shares of RDZNW traded down $0.00 during trading hours on Tuesday, hitting $0.09. 14,909 shares of the company were exchanged, compared to its average volume of 111,776. The firm has a fifty day simple moving average of $0.09 and a 200-day simple moving average of $0.08. Roadzen has a one year low of $0.03 and a one year high of $0.29.

About Roadzen

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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.

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