Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Up 56.5% in February

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,710,000 shares, an increase of 56.5% from the January 31st total of 3,010,000 shares. Based on an average trading volume of 8,810,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 7.1% of the shares of the stock are short sold.

Arbe Robotics Price Performance

ARBE stock opened at $1.85 on Friday. The company has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.12. Arbe Robotics has a fifty-two week low of $1.40 and a fifty-two week high of $5.09. The stock has a market capitalization of $166.67 million, a PE ratio of -2.50 and a beta of 0.02.

Arbe Robotics (NASDAQ:ARBE) last released its earnings results on Wednesday, November 27th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company posted ($0.12) EPS. As a group, equities analysts expect that Arbe Robotics will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Arbe Robotics

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARBE. Geode Capital Management LLC lifted 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 buying an additional 9,658 shares during the period. Walleye Capital LLC acquired a new stake in shares of Arbe Robotics in the 4th quarter valued at approximately $25,000. Two Sigma Securities LLC acquired a new position in Arbe Robotics during the fourth quarter valued at approximately $37,000. Ground Swell Capital LLC grew its holdings in Arbe Robotics by 114.8% during the third quarter. Ground Swell Capital LLC now owns 38,024 shares of the company’s stock valued at $73,000 after purchasing an additional 20,324 shares during the period. Finally, Wolverine Trading LLC bought a new stake in Arbe Robotics in the fourth quarter valued at approximately $38,000. 33.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.