Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBEW) Decreases By 25.6%

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 2,900 shares, a decrease of 25.6% from the November 30th total of 3,900 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is presently 0.6 days.

Arbe Robotics Stock Performance

Shares of ARBEW stock traded up $0.11 during trading on Friday, hitting $0.26. 558,636 shares of the company were exchanged, compared to its average volume of 10,812. The business’s 50-day simple moving average is $0.17 and its 200 day simple moving average is $0.20. Arbe Robotics has a twelve month low of $0.10 and a twelve month high of $0.35.

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.