Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Up 11.1% in December

Posted by Erica Schwartz on Dec 31st, 2024

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

Arbe Robotics Stock Performance

ARBE stock opened at $2.10 on Tuesday. The stock has a market cap of $169.52 million, a P/E ratio of -2.84 and a beta of -0.02. The firm has a 50 day simple moving average of $1.77 and a 200 day simple moving average of $1.93. Arbe Robotics has a 52 week low of $1.39 and a 52 week high of $2.57.

Wall Street Analyst Weigh In

Separately, Maxim Group cut their price objective on Arbe Robotics from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, November 29th.

Read Our Latest Stock Report on ARBE

Institutional Trading of Arbe Robotics

A hedge fund recently bought a new stake in Arbe Robotics stock. Ground Swell Capital LLC purchased a new position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,700 shares of the company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 33.42% of the company’s stock.

Arbe Robotics Company Profile

(Get Free Report)

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.