Veea Inc. (NASDAQ:VEEAW) Sees Significant Decrease in Short Interest

Veea Inc. (NASDAQ:VEEAW – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,502 shares, a decrease of 50.7% from the July 30th total of 11,163 shares. Based on an average daily trading volume, of 3,182 shares, the short-interest ratio is presently 1.7 days.

Veea Stock Down 0.6%

VEEAW opened at $0.04 on Friday. Veea has a 12-month low of $0.04 and a 12-month high of $0.11. The business has a 50 day moving average of $0.05 and a 200-day moving average of $0.08.

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Veea, Inc develops and markets edge computing and networking solutions designed to bring data processing and connectivity capabilities closer to end users and devices. Its product suite integrates compute, storage and multi-mode wireless connectivity into compact hardware nodes, enabling real-time analytics and decentralized application hosting. The company’s edge platform addresses the growing need for low-latency processing in sectors such as smart buildings, industrial automation and retail.

Central to Veea’s offerings is its VeeaHub family of edge nodes, which combine Wi-Fi, cellular and Bluetooth radios with onboard processing and storage.

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