Veea Inc. (NASDAQ:VEEAW – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 13,255 shares, a growth of 103.0% from the September 15th total of 6,531 shares. Based on an average daily volume of 35,355 shares, the days-to-cover ratio is currently 0.4 days.
Veea Stock Down 0.5%
NASDAQ VEEAW traded down $0.00 during trading hours on Thursday, reaching $0.04. The company’s stock had a trading volume of 490 shares, compared to its average volume of 19,108. The firm’s 50-day moving average price is $0.04 and its 200-day moving average price is $0.06. Veea has a 1 year low of $0.01 and a 1 year high of $0.11.
Institutional Investors Weigh In On Veea
An institutional investor recently bought a new position in Veea stock. Citadel Advisors LLC bought a new position in shares of Veea Inc. (NASDAQ:VEEAW – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 920,181 shares of the company’s stock, valued at approximately $217,000.
Veea, Inc develops edge computing, connectivity and Internet of Things (IoT) technologies designed to process data closer to where it is generated. Its platform combines computing, wireless connectivity, networking and cybersecurity capabilities to support applications that require low latency, local data processing and reliable communications.
The company’s products include VeeaHub smart edge devices and related software, which can be deployed across commercial, industrial, retail, transportation, smart-building and other environments.
Recommended Stories
- Five stocks we like better than Veea
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
- Fastenal Flashes Bullish Signal as Uptrend Holds Despite Margin Pressure
Receive News & Ratings for Veea Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veea and related companies with MarketBeat.com's FREE daily email newsletter.
