Veea Inc. (NASDAQ:VEEAW) Short Interest Update

Veea Inc. (NASDAQ:VEEAW) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 5,502 shares, a decrease of 50.7% from the July 30th total of 11,163 shares. Based on an average daily volume of 3,182 shares, the short-interest ratio is presently 1.7 days.

Veea Trading Down 0.6%

NASDAQ VEEAW opened at $0.04 on Friday. The firm’s 50 day moving average price is $0.05 and its 200-day moving average price is $0.08. Veea has a 52-week low of $0.04 and a 52-week high of $0.11.

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.