Dave Inc. (NASDAQ:DAVEW) Short Interest Update

Dave Inc. (NASDAQ:DAVEW) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 1,746 shares, a decline of 49.1% from the April 30th total of 3,429 shares. Based on an average daily volume of 40,595 shares, the days-to-cover ratio is currently 0.0 days.

Dave Trading Up 3.5%

Shares of DAVEW traded up $0.04 during trading hours on Monday, hitting $1.04. 43,005 shares of the stock traded hands, compared to its average volume of 32,724. Dave has a 1-year low of $0.20 and a 1-year high of $2.73. The business has a fifty day moving average of $0.59 and a 200-day moving average of $0.67.

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.