Arbe Robotics Ltd. (NASDAQ:ARBEW) Sees Significant Decrease in Short Interest

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,700 shares, a decline of 18.2% from the August 15th total of 3,300 shares. Based on an average daily trading volume, of 3,500 shares, the days-to-cover ratio is currently 0.8 days.

Arbe Robotics Price Performance

NASDAQ ARBEW opened at $0.20 on Wednesday. The stock has a 50-day simple moving average of $0.24 and a 200 day simple moving average of $0.20. Arbe Robotics has a twelve month low of $0.10 and a twelve month high of $0.30.

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.