Dave Inc. (NASDAQ:DAVEW) Short Interest Update

Dave Inc. (NASDAQ:DAVEW) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 22,164 shares, an increase of 929.0% from the June 15th total of 2,154 shares. Based on an average daily trading volume, of 122,870 shares, the days-to-cover ratio is currently 0.2 days.

Dave Stock Up 12.9%

Shares of DAVEW stock traded up $0.32 during mid-day trading on Friday, hitting $2.80. The stock had a trading volume of 40,840 shares, compared to its average volume of 44,861. The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $0.83. Dave has a fifty-two week low of $0.20 and a fifty-two week high of $2.91.

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.