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

Mobileye Global Inc. (NASDAQ:MBLY) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,270,000 shares, a decrease of 18.7% from the December 31st total of 22,460,000 shares. Based on an average daily volume of 7,070,000 shares, the short-interest ratio is presently 2.6 days. Approximately 19.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MBLY. Rakuten Securities Inc. grew its stake in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at about $30,000. Quarry LP bought a new position in shares of Mobileye Global during the third quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mobileye Global in the fourth quarter worth approximately $58,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 0.7 %

Shares of NASDAQ MBLY traded up $0.12 during midday trading on Thursday, reaching $16.13. The company’s stock had a trading volume of 9,537,601 shares, compared to its average volume of 7,751,086. The stock has a 50 day simple moving average of $17.82 and a 200-day simple moving average of $16.09. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of -4.42, a PEG ratio of 11.65 and a beta of 0.30. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a positive return on equity of 0.63% and a negative net margin of 164.13%. As a group, equities analysts anticipate that Mobileye Global will post -0.05 EPS for the current year.

Wall Street Analyst Weigh In

MBLY has been the topic of several recent analyst reports. Mizuho upped their price target on Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price target (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Evercore ISI dropped their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a research note on Wednesday, October 2nd. Finally, TD Cowen upped their price target 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.20.

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.