Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBE) Increases By 24.8%

Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 5,880,000 shares, an increase of 24.8% from the February 13th total of 4,710,000 shares. Based on an average daily trading volume, of 9,390,000 shares, the short-interest ratio is currently 0.6 days. Approximately 8.9% of the company's shares are short sold.

Hedge Funds Weigh In On Arbe Robotics

Hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC acquired a new position in shares of Arbe Robotics in the 4th quarter valued at about $25,000. Two Sigma Securities LLC acquired a new position in shares of Arbe Robotics in the 4th quarter valued at about $37,000. Wolverine Trading LLC acquired a new position in shares of Arbe Robotics in the 4th quarter valued at about $38,000. Jane Street Group LLC acquired a new position in shares of Arbe Robotics in the 4th quarter valued at about $48,000. Finally, Geode Capital Management LLC lifted its stake in shares of Arbe Robotics by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 53,025 shares of the company's stock valued at $99,000 after purchasing an additional 9,658 shares in the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.

Arbe Robotics Price Performance

NASDAQ:ARBE traded down $0.06 during mid-day trading on Thursday, reaching $1.31. The company's stock had a trading volume of 1,434,650 shares, compared to its average volume of 2,599,289. The company's fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.06. Arbe Robotics has a twelve month low of $1.12 and a twelve month high of $5.09. The stock has a market cap of $117.57 million, a P/E ratio of -1.76 and a beta of 0.08.

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Arbe Robotics (NASDAQ:ARBE - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.01). The business had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.40 million. Arbe Robotics had a negative return on equity of 102.87% and a negative net margin of 4,567.91%. During the same period in the previous year, the business posted ($0.07) earnings per share. Sell-side analysts expect that Arbe Robotics will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Maxim Group lowered Arbe Robotics from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th.

Arbe Robotics Company Profile

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.