Short Interest in Dave Inc. (NASDAQ:DAVEW) Grows By 929.0%

Dave Inc. (NASDAQ:DAVEW) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 22,164 shares, a growth of 929.0% from the June 15th total of 2,154 shares. Based on an average daily trading volume, of 122,870 shares, the short-interest ratio is presently 0.2 days.

Dave Stock Up 12.9%

DAVEW stock opened at $2.80 on Friday. The business has a 50 day moving average of $1.25 and a 200-day moving average of $0.83. Dave has a 12-month low of $0.20 and a 12-month high of $2.91.

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.