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

Dave Inc. (NASDAQ:DAVEW) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,755 shares, a drop of 91.7% from the July 15th total of 21,178 shares. Based on an average daily volume of 38,820 shares, the days-to-cover ratio is currently 0.0 days.

Dave Stock Down 2.6%

DAVEW traded down $0.03 on Wednesday, hitting $1.13. The company had a trading volume of 9,993 shares, compared to its average volume of 46,022. The company’s fifty day moving average price is $2.18 and its 200 day moving average price is $1.12. Dave has a 1 year low of $0.20 and a 1 year 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.