Arbe Robotics Ltd. (NASDAQ:ARBE) Sees Large Growth in Short Interest

Posted by Trevor Kearing on Dec 15th, 2024

Arbe Robotics Ltd. (NASDAQ:ARBE – Get Free Report) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 612,600 shares, an increase of 14.9% from the November 15th total of 533,300 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 101,600 shares, the days-to-cover ratio is presently 6.0 days.

Analysts Set New Price Targets

Separately, Maxim Group reduced their price target on shares of Arbe Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, November 29th.

Check Out Our Latest Research Report on ARBE

Institutional Investors Weigh In On Arbe Robotics

An institutional investor recently bought a new position in Arbe Robotics stock. Ground Swell Capital LLC acquired a new stake in shares of Arbe Robotics Ltd. (NASDAQ:ARBE – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 17,700 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 33.42% of the company’s stock.

Arbe Robotics Price Performance

Shares of NASDAQ ARBE remained flat at $1.69 during midday trading on Friday. The stock had a trading volume of 68,621 shares, compared to its average volume of 110,222. Arbe Robotics has a 1-year low of $1.40 and a 1-year high of $2.57. The firm has a market capitalization of $136.43 million, a P/E ratio of -2.28 and a beta of -0.02. The company’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $1.94.

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.