Veea Inc. (NASDAQ:VEEAW) Shares Shorted: Short Interest Up 103.0% in September

Veea Inc. (NASDAQ:VEEAW) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 13,255 shares, a growth of 103.0% from the September 15th total of 6,531 shares. Based on an average daily volume of 35,355 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Veea

A hedge fund recently bought a new position in Veea stock. Citadel Advisors LLC acquired a new stake in shares of Veea Inc. (NASDAQ:VEEAW) during the second quarter, according to its most recent filing with the SEC. The fund acquired 920,181 shares of the company’s stock, valued at approximately $217,000.

Veea Price Performance

VEEAW opened at $0.05 on Wednesday. Veea has a fifty-two week low of $0.01 and a fifty-two week high of $0.11. The company’s 50-day moving average is $0.04 and its 200 day moving average is $0.06.

Veea, Inc develops edge computing, connectivity and Internet of Things (IoT) technologies designed to process data closer to where it is generated. Its platform combines computing, wireless connectivity, networking and cybersecurity capabilities to support applications that require low latency, local data processing and reliable communications.

The company’s products include VeeaHub smart edge devices and related software, which can be deployed across commercial, industrial, retail, transportation, smart-building and other environments.