Veea Inc. (NASDAQ:VEEAW) Stock Short Interest Report for October

Veea Inc. (NASDAQ:VEEAW) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 26,205 shares, an increase of 97.7% from the September 30th total of 13,255 shares. Based on an average trading volume of 35,458 shares, the days-to-cover ratio is currently 0.7 days.

Veea Stock Performance

Shares of Veea stock opened at $0.05 on Tuesday. The stock’s 50-day simple moving average is $0.04 and its 200-day simple moving average is $0.07. Veea has a 52 week low of $0.01 and a 52 week high of $0.11.

Institutional Trading of Veea

An institutional investor recently bought a new stake in Veea stock. Citadel Advisors LLC purchased a new position in Veea Inc. (NASDAQ:VEEAW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 920,181 shares of the company’s stock, valued at approximately $217,000.

Veea, Inc is a technology company that develops edge computing and connectivity solutions for enterprise, industrial, commercial and residential applications. Its platform is designed to process data closer to where it is generated, helping organizations support applications that require real-time performance, local intelligence and secure connectivity.

The company’s offerings include VeeaHub smart computing and communications devices, edge networking infrastructure, and software that can support Internet of Things applications, artificial intelligence, cybersecurity, private wireless networks and distributed data processing.