Roadzen Inc. (NASDAQ:RDZN) Sees Significant Increase in Short Interest

Roadzen Inc. (NASDAQ:RDZN) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 174,132 shares, an increase of 16.4% from the February 12th total of 149,579 shares. Based on an average daily trading volume, of 102,881 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 102,881 shares, the days-to-cover ratio is currently 1.7 days.

Insiders Place Their Bets

In other news, insider Rohan Malhotra acquired 19,085 shares of the stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $1.37 per share, for a total transaction of $26,146.45. Following the transaction, the insider directly owned 849,642 shares of the company’s stock, valued at approximately $1,164,009.54. This represents a 2.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 29.50% of the stock is owned by insiders.

Institutional Trading of Roadzen

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Roadzen by 263.3% in the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock worth $66,000 after purchasing an additional 21,915 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Roadzen by 51.7% during the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock worth $42,000 after purchasing an additional 13,830 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Roadzen during the fourth quarter worth about $102,000. Hudson Bay Capital Management LP acquired a new position in shares of Roadzen in the fourth quarter valued at approximately $109,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Roadzen in the fourth quarter valued at approximately $112,000. Institutional investors own 24.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RDZN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roadzen in a report on Thursday, January 22nd. Wall Street Zen cut Roadzen from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Roadzen Price Performance

Shares of RDZN opened at $1.15 on Thursday. The firm has a 50 day simple moving average of $1.53 and a two-hundred day simple moving average of $1.48. Roadzen has a one year low of $0.68 and a one year high of $2.56. The company has a market cap of $91.66 million, a P/E ratio of -5.75 and a beta of 0.46.

Roadzen (NASDAQ:RDZN) last issued its earnings results on Thursday, February 12th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $14.36 million during the quarter.

About Roadzen

Roadzen (NASDAQ:RDZN) is a global technology provider specializing in AI-driven telematics, data analytics and risk management solutions for the automotive and insurance industries. The company’s core offerings include usage-based insurance (UBI) platforms, driver behavior analytics tools and predictive risk modeling services. By leveraging machine learning algorithms, telematics data and mobile connectivity, Roadzen enables insurers and fleet operators to optimize underwriting processes and enhance policyholder engagement through personalized pricing and proactive risk mitigation.

Founded in 2015 and headquartered in Singapore, Roadzen has established regional operations and development centers in India and other key markets across Asia-Pacific and Latin America.