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

Roadzen Inc. (NASDAQ:RDZN) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 103,442 shares, a drop of 76.8% from the December 15th total of 445,687 shares. Based on an average trading volume of 264,027 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 264,027 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Roadzen in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of Roadzen by 263.3% during the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company’s stock valued at $66,000 after purchasing an additional 21,915 shares during the period. 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 worth $42,000 after purchasing an additional 13,830 shares during the period. Goldman Sachs Group Inc. grew its position in Roadzen by 26.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,213 shares of the company’s stock valued at $150,000 after buying an additional 30,305 shares in the last quarter. Ground Swell Capital LLC bought a new position in Roadzen in the 2nd quarter valued at about $26,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Roadzen during the 2nd quarter valued at about $159,000. Institutional investors own 24.73% of the company’s stock.

Roadzen Trading Up 1.4%

Roadzen stock traded up $0.03 during midday trading on Thursday, reaching $1.87. 70,730 shares of the stock traded hands, compared to its average volume of 228,462. Roadzen has a fifty-two week low of $0.68 and a fifty-two week high of $2.56. The firm has a market cap of $147.70 million, a price-to-earnings ratio of -15.58 and a beta of 0.41. The firm has a fifty day moving average price of $1.79 and a two-hundred day moving average price of $1.36.

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

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.