Short Interest in Dave Inc. (NASDAQ:DAVEW) Decreases By 49.1%

Dave Inc. (NASDAQ:DAVEW) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,746 shares, a decline of 49.1% from the April 30th total of 3,429 shares. Based on an average daily trading volume, of 40,595 shares, the short-interest ratio is presently 0.0 days.

Dave Trading Down 12.5%

Shares of DAVEW stock traded down $0.13 during trading on Tuesday, hitting $0.91. The company had a trading volume of 31,517 shares, compared to its average volume of 32,712. The stock’s 50-day moving average price is $0.60 and its 200 day moving average price is $0.66. Dave has a one year low of $0.20 and a one year high of $2.73.

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.