Arm Holdings plc (NASDAQ:ARM) Short Interest Update

Arm Holdings plc (NASDAQ:ARM - Get Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 14,730,000 shares, a growth of 18.9% from the January 15th total of 12,390,000 shares. Approximately 1.4% of the company's stock are short sold. Based on an average trading volume of 5,900,000 shares, the days-to-cover ratio is presently 2.5 days.

ARM Stock Performance

ARM traded down $1.03 during trading hours on Tuesday, reaching $158.51. The company's stock had a trading volume of 2,893,358 shares, compared to its average volume of 6,794,863. The firm has a market cap of $166.09 billion, a PE ratio of 209.94, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The company's 50-day moving average is $147.04 and its 200-day moving average is $140.48. ARM has a 52 week low of $85.61 and a 52 week high of $188.75.

Hedge Funds Weigh In On ARM

Large investors have recently modified their holdings of the stock. Gilliland Jeter Wealth Management LLC increased its stake in shares of ARM by 83.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 258 shares of the company's stock worth $37,000 after purchasing an additional 117 shares during the period. GeoWealth Management LLC increased its position in ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company's stock worth $32,000 after buying an additional 92 shares during the period. Colonial Trust Co SC bought a new position in ARM during the 4th quarter worth $40,000. Quantbot Technologies LP bought a new position in ARM during the 3rd quarter worth $52,000. Finally, Berbice Capital Management LLC bought a new position in ARM during the fourth quarter worth about $49,000. 7.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on ARM shares. Mizuho boosted their price objective on shares of ARM from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Susquehanna boosted their price target on ARM from $118.00 to $140.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Jefferies Financial Group boosted their price target on ARM from $170.00 to $195.00 and gave the company a "buy" rating in a report on Thursday, February 6th. TD Cowen boosted their target price on ARM from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on ARM from $162.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $162.83.

About ARM

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.