Roadzen, Inc. (NASDAQ:RDZN – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 396,200 shares, a decrease of 13.1% from the August 31st total of 456,100 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in shares of Roadzen in the 2nd quarter valued at $39,000. Bank of New York Mellon Corp bought a new position in Roadzen during the 2nd quarter valued at about $59,000. Finally, Murchinson Ltd. acquired a new position in Roadzen in the second quarter valued at about $100,000. 24.73% of the stock is currently owned by institutional investors and hedge funds.
Roadzen Price Performance
NASDAQ:RDZN opened at $1.27 on Friday. Roadzen has a 12-month low of $1.20 and a 12-month high of $7.17. The firm has a 50-day moving average price of $1.59 and a 200 day moving average price of $3.16.
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.
See Also
- Five stocks we like better than Roadzen
- High Flyers: 3 Natural Gas Stocks for March 2022
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- MarketBeat Week in Review – 9/23 – 9/27
- Canada Bond Market Holiday: How to Invest and Trade
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Roadzen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roadzen and related companies with MarketBeat.com's FREE daily email newsletter.