Mobileye Global Inc. (NASDAQ:MBLY) Short Interest Update

Mobileye Global Inc. (NASDAQ:MBLY) was the target of a significant increase in short interest in the month of 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 shares of the stock are sold short. Based on an average trading volume of 7,080,000 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Eagle Global Advisors LLC grew its position in Mobileye Global by 143.2% in the fourth quarter. Eagle Global Advisors LLC now owns 96,800 shares of the company’s stock valued at $1,928,000 after purchasing an additional 57,000 shares in the last quarter. Bamco Inc. NY grew its position in Mobileye Global by 1,427.2% in the fourth quarter. Bamco Inc. NY now owns 383,452 shares of the company’s stock valued at $7,638,000 after purchasing an additional 358,344 shares in the last quarter. Bayesian Capital Management LP bought a new position in Mobileye Global in the fourth quarter valued at $740,000. Ancora Advisors LLC bought a new position in Mobileye Global in the fourth quarter valued at $40,000. Finally, Talon Private Wealth LLC bought a new position in Mobileye Global in the fourth quarter valued at $1,318,000. Institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MBLY shares. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Mizuho decreased their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. TD Cowen upped their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays upped their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer started coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and an average price target of $22.86.

Mobileye Global Trading Up 3.0 %

Shares of MBLY stock traded up $0.53 during trading hours on Monday, hitting $17.97. 3,024,807 shares of the company were exchanged, compared to its average volume of 6,349,957. The business has a 50 day moving average of $17.60 and a two-hundred day moving average of $15.47. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The company has a market capitalization of $14.57 billion, a PE ratio of -4.70, a PEG ratio of 20.12 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. On average, research analysts forecast that Mobileye Global will post 0.03 EPS for the current 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.