Short Interest in Arm Holdings plc (NASDAQ:ARM) Expands By 18.9%

Arm Holdings plc (NASDAQ:ARM) was the recipient of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 5,900,000 shares, the short-interest ratio is presently 2.5 days. Currently, 1.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ARM shares. TD Cowen increased their price target on ARM from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised their target price on ARM from $170.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of ARM in a report on Thursday, February 6th. Wells Fargo & Company raised their target price on ARM from $162.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Sanford C. Bernstein downgraded ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.83.

ARM Stock Down 3.2 %

Shares of ARM stock traded down $5.29 during trading on Friday, reaching $159.54. 6,068,253 shares of the stock were exchanged, compared to its average volume of 7,368,904. ARM has a 1 year low of $85.61 and a 1 year high of $188.75. The firm has a market cap of $167.17 billion, a price-to-earnings ratio of 209.92, a price-to-earnings-growth ratio of 7.83 and a beta of 4.57. The stock’s fifty day moving average is $146.64 and its 200 day moving average is $140.24.

Hedge Funds Weigh In On ARM

A number of institutional investors have recently bought and sold shares of ARM. Gilliland Jeter Wealth Management LLC boosted its holdings in ARM by 83.0% in 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 last quarter. GeoWealth Management LLC increased its holdings in ARM by 53.8% in the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after acquiring an additional 92 shares during the last quarter. Quantbot Technologies LP bought a new stake in ARM in the 3rd quarter valued at $52,000. Berbice Capital Management LLC bought a new stake in ARM in the 4th quarter valued at $49,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of ARM by 45.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the company’s stock worth $60,000 after buying an additional 131 shares during the last quarter. 7.53% of the stock is owned by institutional investors.

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.