Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 1,210,000 shares, an increase of 77.8% from the December 15th total of 680,500 shares. Based on an average daily volume of 4,690,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.2% of the company's stock are sold short.
Analyst Ratings Changes
Separately, Maxim Group cut their target price on Arbe Robotics from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Friday, November 29th.
Read Our Latest Stock Report on Arbe Robotics
Institutional Investors Weigh In On Arbe Robotics
A hedge fund recently raised its stake in Arbe Robotics stock. Ground Swell Capital LLC boosted its position in Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) by 114.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,024 shares of the company's stock after buying an additional 20,324 shares during the quarter. Ground Swell Capital LLC's holdings in Arbe Robotics were worth $73,000 at the end of the most recent quarter. 33.42% of the stock is currently owned by institutional investors.
Arbe Robotics Price Performance
ARBE traded up $0.27 during trading on Wednesday, hitting $3.27. The company had a trading volume of 20,644,560 shares, compared to its average volume of 38,654,277. Arbe Robotics has a 1-year low of $1.39 and a 1-year high of $5.09. The company has a market cap of $263.97 million, a PE ratio of -4.42 and a beta of -0.04. The business has a 50-day moving average of $2.02 and a 200-day moving average of $2.01.
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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