Veea Inc. (NASDAQ:VEEA) Short Interest Update

Veea Inc. (NASDAQ:VEEA) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 298,611 shares, an increase of 121.8% from the December 15th total of 134,659 shares. Based on an average daily trading volume, of 456,923 shares, the short-interest ratio is presently 0.7 days. Approximately 1.5% of the shares of the stock are short sold. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 456,923 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Veea in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Veea presently has a consensus rating of “Sell”.

Veea Trading Up 1.0%

VEEA traded up $0.01 during mid-day trading on Friday, hitting $0.52. 38,691 shares of the stock were exchanged, compared to its average volume of 166,591. The firm’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.84. Veea has a 1-year low of $0.39 and a 1-year high of $3.73. The company has a market cap of $25.83 million, a PE ratio of 51.50 and a beta of 0.21.

Veea (NASDAQ:VEEA) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $0.14 million for the quarter.

Veea Company Profile

Veea (NASDAQ: VEEA) is a provider of edge computing and networking solutions designed to bring cloud-native services closer to end users and devices. The company’s integrated platform combines carrier-grade hardware, multi-access connectivity and software orchestration tools to support real-time Internet of Things (IoT) and artificial intelligence (AI) applications at the network edge.

The core offering, Veea Edge, consists of modular, ruggedized nodes that support private 5G, Citizens Broadband Radio Service (CBRS), LTE and Wi-Fi connectivity.