Roadzen, Inc. (NASDAQ:RDZN – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 467,800 shares, a growth of 369.2% from the June 30th total of 99,700 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 1,990,000 shares, the days-to-cover ratio is currently 0.2 days.
Roadzen Trading Up 1.2 %
RDZN stock traded up $0.02 during midday trading on Thursday, reaching $1.66. 113,146 shares of the company were exchanged, compared to its average volume of 923,274. The business has a 50-day moving average price of $2.54 and a two-hundred day moving average price of $4.54. Roadzen has a one year low of $1.55 and a one year high of $17.00.
Roadzen (NASDAQ:RDZN – Get Free Report) last released its quarterly earnings data on Monday, July 1st. The company reported ($0.39) EPS for the quarter. The business had revenue of $10.00 million for the quarter.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Roadzen
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.
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