Veea Inc. (NASDAQ:VEEAW) Shares Shorted: Short Interest Up 103.0% in September

Veea Inc. (NASDAQ:VEEAW) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 13,255 shares, an increase of 103.0% from the September 15th total of 6,531 shares. Based on an average daily volume of 35,355 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Veea

An institutional investor recently bought a new position in Veea stock. Citadel Advisors LLC purchased a new stake in shares of Veea Inc. (NASDAQ:VEEAW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 920,181 shares of the company’s stock, valued at approximately $217,000.

Veea Price Performance

Shares of NASDAQ:VEEAW opened at $0.05 on Wednesday. The company’s fifty day moving average price is $0.04 and its 200-day moving average price is $0.06. Veea has a one year low of $0.01 and a one year high of $0.11.

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.