Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 680,500 shares, an increase of 11.1% from the November 30th total of 612,600 shares. Based on an average trading volume of 118,800 shares, the short-interest ratio is currently 5.7 days. Approximately 1.2% of the company's stock are sold short.
Institutional Investors Weigh In On Arbe Robotics
An institutional investor recently raised its stake in Arbe Robotics stock. Ground Swell Capital LLC raised its holdings in shares of Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) by 114.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,024 shares of the company's stock after purchasing an additional 20,324 shares during the period. Ground Swell Capital LLC's holdings in Arbe Robotics were worth $73,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.42% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Maxim Group decreased their target price on shares of Arbe Robotics from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Friday, November 29th.
Read Our Latest Stock Report on Arbe Robotics
Arbe Robotics Price Performance
ARBE stock traded down $0.24 during trading on Tuesday, hitting $1.86. 909,047 shares of the stock traded hands, compared to its average volume of 143,732. The stock has a market cap of $150.15 million, a price-to-earnings ratio of -2.51 and a beta of -0.02. Arbe Robotics has a 1 year low of $1.39 and a 1 year high of $2.57. The firm's 50 day moving average is $1.77 and its two-hundred day moving average is $1.93.
About Arbe Robotics
(
Get Free Report)
Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.
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