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

Dave Inc. (NASDAQ:DAVEW) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 13,743 shares, a growth of 683.1% from the July 30th total of 1,755 shares. Based on an average trading volume of 43,712 shares, the days-to-cover ratio is presently 0.3 days.

Dave Price Performance

Shares of DAVEW opened at $1.46 on Wednesday. Dave has a fifty-two week low of $0.20 and a fifty-two week high of $4.03. The business has a 50-day moving average of $2.28 and a 200 day moving average of $1.20.

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.