Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Update

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 680,500 shares, a growth of 11.1% from the November 30th total of 612,600 shares. Based on an average trading volume of 118,800 shares, the days-to-cover ratio is presently 5.7 days. Approximately 1.2% of the shares of the company are short sold.

Arbe Robotics Stock Performance

ARBE opened at $1.86 on Wednesday. Arbe Robotics has a fifty-two week low of $1.39 and a fifty-two week high of $2.57. The firm has a 50-day moving average of $1.77 and a 200 day moving average of $1.93. The firm has a market cap of $150.15 million, a P/E ratio of -2.51 and a beta of -0.02.

Analyst Upgrades and Downgrades

Separately, Maxim Group cut their price objective 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.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Arbe Robotics stock. Ground Swell Capital LLC acquired a new stake in Arbe Robotics Ltd. (NASDAQ:ARBE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,700 shares of the company’s stock, valued at approximately $34,000. 33.42% of the stock is currently owned by hedge funds and other institutional investors.

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.