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

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,010,000 shares, a decrease of 11.5% from the January 15th total of 3,400,000 shares. Based on an average daily volume of 8,040,000 shares, the short-interest ratio is currently 0.4 days. Currently, 4.8% of the shares of the stock are sold short.

Institutional Trading of Arbe Robotics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Walleye Capital LLC purchased a new stake in shares of Arbe Robotics in the fourth quarter valued at about $25,000. Two Sigma Securities LLC purchased a new stake in shares of Arbe Robotics in the 4th quarter valued at approximately $37,000. Wolverine Trading LLC purchased a new stake in shares of Arbe Robotics in the 4th quarter valued at approximately $38,000. Jane Street Group LLC acquired a new stake in shares of Arbe Robotics during the 4th quarter worth approximately $48,000. Finally, Ground Swell Capital LLC lifted its holdings in Arbe Robotics by 114.8% in the third quarter. Ground Swell Capital LLC now owns 38,024 shares of the company’s stock valued at $73,000 after acquiring an additional 20,324 shares during the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Arbe Robotics Stock Performance

Shares of ARBE opened at $2.70 on Tuesday. Arbe Robotics has a one year low of $1.39 and a one year high of $5.09. The stock has a market capitalization of $243.24 million, a price-to-earnings ratio of -3.65 and a beta of 0.02. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.11.

Arbe Robotics (NASDAQ:ARBE) last issued its earnings results on Wednesday, November 27th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Arbe Robotics had a negative return on equity of 102.87% and a negative net margin of 4,567.91%. During the same period last year, the firm earned ($0.12) EPS. On average, analysts predict that Arbe Robotics will post -0.58 earnings per share for the current year.

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.