Dave Inc. (NASDAQ:DAVEW – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 22,164 shares, a growth of 929.0% from the June 15th total of 2,154 shares. Based on an average daily volume of 122,870 shares, the short-interest ratio is presently 0.2 days.
Dave Price Performance
Dave stock opened at $2.80 on Monday. The company’s 50-day moving average is $1.25 and its 200 day moving average is $0.83. Dave has a 1-year low of $0.20 and a 1-year 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.
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