Short Interest in Veea Inc. (NASDAQ:VEEAW) Grows By 103.8%

Veea Inc. (NASDAQ:VEEAW) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 11,257 shares, an increase of 103.8% from the January 15th total of 5,523 shares. Based on an average daily trading volume, of 5,998 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 5,998 shares, the days-to-cover ratio is currently 1.9 days.

Veea Stock Performance

NASDAQ:VEEAW opened at $0.09 on Friday. The stock’s 50 day moving average price is $0.08 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 $0.26.

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.