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

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 4,710,000 shares, a growth of 56.5% from the January 31st total of 3,010,000 shares. Based on an average daily trading volume, of 8,810,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 7.1% of the shares of the stock are short sold.

Arbe Robotics Price Performance

ARBE stock traded down $0.06 during midday trading on Tuesday, reaching $1.65. 2,354,900 shares of the company’s stock traded hands, compared to its average volume of 14,003,313. Arbe Robotics has a fifty-two week low of $1.40 and a fifty-two week high of $5.09. The business has a 50-day moving average price of $2.58 and a two-hundred day moving average price of $2.12. The company has a market capitalization of $148.47 million, a P/E ratio of -2.22 and a beta of 0.02.

Institutional Trading of Arbe Robotics

A number of institutional investors have recently added to or reduced their stakes in ARBE. Walleye Capital LLC acquired a new position in shares of Arbe Robotics during the fourth quarter worth about $25,000. Two Sigma Securities LLC acquired a new position in shares of Arbe Robotics during the fourth quarter valued at $37,000. Wolverine Trading LLC bought a new stake in Arbe Robotics during the fourth quarter worth approximately $38,000. Jane Street Group LLC bought a new position in Arbe Robotics during the 4th quarter valued at $48,000. Finally, Ground Swell Capital LLC increased its position in shares of Arbe Robotics by 114.8% during the 3rd quarter. Ground Swell Capital LLC now owns 38,024 shares of the company’s stock valued at $73,000 after purchasing an additional 20,324 shares during the period. 33.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.