Roadzen, Inc. (NASDAQ:RDZN) Short Interest Update

Roadzen, Inc. (NASDAQ:RDZN) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 99,700 shares, an increase of 441.8% from the June 15th total of 18,400 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,960,000 shares, the short-interest ratio is presently 0.1 days.

Roadzen Stock Performance

Shares of NASDAQ RDZN traded up $0.07 during mid-day trading on Thursday, hitting $2.14. 242,964 shares of the stock were exchanged, compared to its average volume of 978,439. The stock’s fifty day simple moving average is $2.92 and its two-hundred day simple moving average is $4.75. Roadzen has a twelve month low of $1.55 and a twelve month high of $17.00.

Wall Street Analysts Forecast Growth

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

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.