Roadzen, Inc. (NASDAQ:RDZN – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 396,200 shares, a decline of 13.1% from the August 31st total of 456,100 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is presently 0.2 days.
Roadzen Trading Down 2.3 %
Shares of Roadzen stock opened at $1.27 on Friday. The firm has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $3.18. Roadzen has a fifty-two week low of $1.20 and a fifty-two week high of $7.17.
Roadzen (NASDAQ:RDZN – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.46) earnings per share for the quarter. Roadzen had a negative return on equity of 31,166.20% and a negative net margin of 287.82%. The business had revenue of $8.93 million during the quarter.
Institutional Inflows and Outflows
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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