Short Interest in Roadzen Inc. (NASDAQ:RDZN) Expands By 207.5%

Roadzen Inc. (NASDAQ:RDZN) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 149,579 shares, an increase of 207.5% from the January 29th total of 48,643 shares. Based on an average daily volume of 215,241 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 215,241 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

RDZN has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Roadzen in a report on Thursday, January 22nd. Wall Street Zen lowered Roadzen from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Roadzen

Hedge funds have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Roadzen in the 2nd quarter valued at $159,000. Prospera Financial Services Inc acquired a new position in shares of Roadzen during the second quarter valued at about $171,000. Goldman Sachs Group Inc. increased its position in shares of Roadzen by 43.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 176,026 shares of the company’s stock worth $424,000 after acquiring an additional 53,694 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Roadzen in the 2nd quarter worth about $144,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Roadzen in the 4th quarter worth about $112,000. Institutional investors and hedge funds own 24.73% of the company’s stock.

Roadzen Trading Up 0.7%

NASDAQ:RDZN opened at $1.36 on Friday. Roadzen has a 12 month low of $0.68 and a 12 month high of $2.56. The stock has a market capitalization of $108.39 million, a price-to-earnings ratio of -6.80 and a beta of 0.41. The firm has a fifty day simple moving average of $1.79 and a two-hundred day simple moving average of $1.45.

Roadzen (NASDAQ:RDZN) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $14.36 million for 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.