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

Roadzen Inc. (NASDAQ:RDZN) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 50,180 shares, a decline of 51.5% from the December 31st total of 103,442 shares. Based on an average daily volume of 237,409 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 237,409 shares, the days-to-cover ratio is presently 0.2 days.

Roadzen Trading Up 11.5%

RDZN stock traded up $0.19 during mid-day trading on Friday, reaching $1.84. The company’s stock had a trading volume of 307,439 shares, compared to its average volume of 209,767. The business’s 50 day moving average price is $1.88 and its 200 day moving average price is $1.41. Roadzen has a 12 month low of $0.68 and a 12 month high of $2.56. The company has a market cap of $145.72 million, a price-to-earnings ratio of -15.33 and a beta of 0.41.

Roadzen (NASDAQ:RDZN) last released its earnings results on Friday, November 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $12.00 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Roadzen in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Roadzen presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Roadzen by 51.7% in the first quarter. AQR Capital Management LLC now owns 40,559 shares of the company’s stock valued at $42,000 after acquiring an additional 13,830 shares during the period. Bank of America Corp DE increased its holdings in shares of Roadzen by 263.3% in the 4th quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after acquiring an additional 21,915 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Roadzen during the second quarter worth about $26,000. Goldman Sachs Group Inc. raised its position in Roadzen by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock worth $150,000 after acquiring an additional 30,305 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Roadzen in the 2nd quarter worth about $78,000. 24.73% of the stock is owned by institutional investors.

Roadzen Company Profile

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.