Dave Inc. (NASDAQ:DAVEW) Sees Large Decline in Short Interest

Dave Inc. (NASDAQ:DAVEW) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 459 shares, a decline of 86.1% from the October 15th total of 3,301 shares. Based on an average daily volume of 31,885 shares, the days-to-cover ratio is presently 0.0 days.

Dave Stock Performance

DAVEW stock opened at $0.17 on Wednesday. Dave has a 1 year low of $0.16 and a 1 year high of $4.03. The stock’s fifty day moving average price is $1.18 and its 200-day moving average price is $1.17.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Neutral Sentiment: Reports say short interest fell from 3,301 shares on October 15 to 459 shares on October 30, while a November 10 report lists zero shares outstanding short. Another headline describes a “significant increase” despite reporting zero, so the data is inconsistent. In any case, the reported short positions are very small relative to average volume, making this a limited trading signal rather than a clear catalyst.

About Dave

Dave Inc. is a U.S. financial technology company that provides consumer banking and cash-flow tools through its mobile app. Its services are designed to help members manage everyday finances and access funds between paychecks. The company’s offerings include ExtraCash, which provides eligible members with cash advances, and Dave Checking, a digital checking account. The app also provides budgeting features and account information intended to help users monitor spending and manage their finances.