Dave Inc. (NASDAQ:DAVEW) Stock Short Interest Drops 95.3%

Dave Inc. (NASDAQ:DAVEW) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 487 shares, a decrease of 95.3% from the August 31st total of 10,305 shares. Based on an average daily trading volume, of 70,424 shares, the short-interest ratio is presently 0.0 days.

Dave Stock Up 13.4%

DAVEW traded up $0.13 during trading on Thursday, reaching $1.09. The company had a trading volume of 55,553 shares, compared to its average volume of 44,560. The business has a 50 day simple moving average of $1.98 and a 200-day simple moving average of $1.37. Dave has a 52 week low of $0.20 and a 52 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.