Veea Inc. (NASDAQ:VEEAW) Short Interest Up 15.2% in April

Veea Inc. (NASDAQ:VEEAW) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 13,289 shares, a growth of 15.2% from the March 31st total of 11,540 shares. Based on an average trading volume of 369 shares, the days-to-cover ratio is currently 36.0 days.

Veea Stock Down 22.6%

Shares of NASDAQ VEEAW opened at $0.07 on Friday. Veea has a 12 month low of $0.04 and a 12 month high of $0.26. The firm’s 50 day simple moving average is $0.09 and its 200-day simple moving average is $0.08.

Veea, Inc develops and markets edge computing and networking solutions designed to bring data processing and connectivity capabilities closer to end users and devices. Its product suite integrates compute, storage and multi-mode wireless connectivity into compact hardware nodes, enabling real-time analytics and decentralized application hosting. The company’s edge platform addresses the growing need for low-latency processing in sectors such as smart buildings, industrial automation and retail.

Central to Veea’s offerings is its VeeaHub family of edge nodes, which combine Wi-Fi, cellular and Bluetooth radios with onboard processing and storage.