Short Interest in Dave Inc. (NASDAQ:DAVEW) Decreases By 45.8%

Dave Inc. (NASDAQ:DAVEW) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 3,429 shares, a decrease of 45.8% from the April 15th total of 6,323 shares. Based on an average trading volume of 102,290 shares, the days-to-cover ratio is currently 0.0 days.

Dave Stock Performance

DAVEW stock traded down $0.03 during midday trading on Friday, hitting $0.55. The company’s stock had a trading volume of 10,041 shares, compared to its average volume of 32,388. Dave has a 12 month low of $0.20 and a 12 month high of $2.73. The firm’s 50-day moving average is $0.57 and its 200-day moving average is $0.72.

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.