Short Interest in Mobileye Global Inc. (NASDAQ:MBLY) Rises By 16.9%

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 25,070,000 shares, an increase of 16.9% from the January 15th total of 21,440,000 shares. Currently, 27.3% of the company's stock are short sold. Based on an average trading volume of 7,080,000 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently bought and sold shares of MBLY. Parkside Financial Bank & Trust increased its holdings in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after purchasing an additional 737 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after purchasing an additional 932 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after purchasing an additional 1,061 shares during the period. Versant Capital Management Inc increased its holdings in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after purchasing an additional 1,131 shares during the period. Finally, Daymark Wealth Partners LLC increased its holdings in shares of Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after purchasing an additional 1,147 shares during the period. Institutional investors own 13.25% of the company's stock.

Analysts Set New Price Targets

MBLY has been the topic of several recent research reports. Wolfe Research raised shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Barclays raised their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. UBS Group raised their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, Mizuho dropped their target price on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $22.86.

Mobileye Global Stock Performance

MBLY stock traded down $0.35 during midday trading on Thursday, reaching $17.79. 2,699,526 shares of the company's stock traded hands, compared to its average volume of 7,010,400. The company has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $15.53. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The firm has a market capitalization of $14.42 billion, a PE ratio of -4.66, a price-to-earnings-growth ratio of 73.92 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, analysts predict that Mobileye Global will post 0.01 EPS for the current fiscal year.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.