Dave Inc. (NASDAQ:DAVEW) Short Interest Update

Dave Inc. (NASDAQ:DAVEW) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 13,743 shares, an increase of 683.1% from the July 30th total of 1,755 shares. Based on an average daily volume of 43,712 shares, the days-to-cover ratio is presently 0.3 days.

Dave Price Performance

Shares of DAVEW opened at $1.46 on Wednesday. The stock’s 50-day simple moving average is $2.28 and its 200 day simple moving average is $1.20. Dave has a 52-week low of $0.20 and a 52-week high of $4.03.

Dave Company Profile

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.