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

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,880,000 shares, a growth of 24.8% from the February 13th total of 4,710,000 shares. Currently, 8.9% of the company’s shares are short sold. Based on an average daily volume of 9,390,000 shares, the short-interest ratio is currently 0.6 days.

Arbe Robotics Trading Up 5.5 %

Arbe Robotics stock opened at $1.34 on Wednesday. The stock has a market cap of $120.73 million, a P/E ratio of -1.81 and a beta of 0.08. The company has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.06. Arbe Robotics has a 12-month low of $1.12 and a 12-month high of $5.09.

Arbe Robotics (NASDAQ:ARBE) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Arbe Robotics had a negative net margin of 4,567.91% and a negative return on equity of 102.87%. The company had revenue of $0.10 million during the quarter, compared to analysts’ expectations of $0.40 million. During the same period last year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts forecast that Arbe Robotics will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Walleye Capital LLC acquired a new position in Arbe Robotics in the fourth quarter valued at $25,000. Two Sigma Securities LLC acquired a new position in Arbe Robotics in the fourth quarter valued at $37,000. Wolverine Trading LLC acquired a new position in Arbe Robotics in the fourth quarter valued at $38,000. Jane Street Group LLC acquired a new position in Arbe Robotics in the fourth quarter valued at $48,000. Finally, Geode Capital Management LLC increased its stake in Arbe Robotics by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 53,025 shares of the company’s stock valued at $99,000 after purchasing an additional 9,658 shares during the period. 33.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Maxim Group downgraded shares of Arbe Robotics from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

About Arbe Robotics

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.