Veea Inc. (NASDAQ:VEEA) Short Interest Update

Veea Inc. (NASDAQ:VEEA) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 763,956 shares, a growth of 238.5% from the February 12th total of 225,715 shares. Based on an average daily trading volume, of 8,265,009 shares, the short-interest ratio is presently 0.1 days. Approximately 3.9% of the shares of the stock are sold short. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,265,009 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veea in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Veea

A hedge fund recently raised its stake in Veea stock. Jane Street Group LLC increased its position in Veea Inc. (NASDAQ:VEEA) by 359.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,186 shares of the company’s stock after buying an additional 40,051 shares during the period. Jane Street Group LLC owned 0.10% of Veea worth $33,000 at the end of the most recent quarter. Institutional investors and hedge funds own 25.88% of the company’s stock.

Veea Stock Performance

Shares of NASDAQ VEEA opened at $0.58 on Thursday. The company has a market cap of $29.26 million, a P/E ratio of 58.34 and a beta of 0.23. The firm’s fifty day moving average is $0.54 and its two-hundred day moving average is $0.59. Veea has a 52-week low of $0.38 and a 52-week high of $2.60.

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.