Roadzen, Inc. (NASDAQ:RDZN – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 467,800 shares, a growth of 369.2% from the June 30th total of 99,700 shares. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.6% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Maxim Group began coverage on Roadzen in a research report on Thursday, May 23rd. They set a “buy” rating and a $10.00 price target on the stock.
View Our Latest Stock Analysis on RDZN
Roadzen Trading Up 1.2 %
Roadzen (NASDAQ:RDZN – Get Free Report) last released its quarterly earnings results on Monday, July 1st. The company reported ($0.39) earnings per share for the quarter. The company had revenue of $10.00 million during the quarter.
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.
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