Veea Inc. (NASDAQ:VEEAW) Sees Large Drop in Short Interest

Veea Inc. (NASDAQ:VEEAWGet Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,700 shares, a decrease of 89.4% from the September 30th total of 16,000 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.1 days.

Veea Stock Performance

Shares of Veea stock opened at $0.06 on Tuesday. The business has a fifty day simple moving average of $0.08 and a 200-day simple moving average of $0.12. Veea has a fifty-two week low of $0.04 and a fifty-two week high of $0.26.

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