Dave Inc. (NASDAQ:DAVEW – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,743 shares, an increase of 683.1% from the July 30th total of 1,755 shares. Based on an average daily volume of 43,712 shares, the days-to-cover ratio is presently 0.3 days.
Dave Price Performance
Shares of DAVEW traded up $0.13 on Thursday, hitting $1.92. The company’s stock had a trading volume of 44,694 shares, compared to its average volume of 44,594. The firm’s fifty day moving average price is $2.29 and its 200-day moving average price is $1.21. Dave has a fifty-two week low of $0.20 and a fifty-two week high of $4.03.
About Dave
Dave, Inc is a technology-driven financial services company that offers a suite of digital banking and budgeting tools designed to help consumers avoid overdraft fees and better manage their day-to-day finances. Through its mobile application, Dave provides interest-free cash advances of up to a few hundred dollars, automated expense tracking, budgeting insights and early access to direct deposits. The platform also offers a subscription-based membership that bundles these features with tools such as savings recommendations and credit-building services, creating an alternative to traditional banking products.
Founded in 2016 and headquartered in Los Angeles, California, Dave began as a peer-to-peer lending network before pivoting to a more comprehensive personal finance solution.
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