Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBE) Rises By 14.4%

Arbe Robotics Ltd. (NASDAQ:ARBE) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 620,900 shares, a growth of 14.4% from the May 15th total of 542,800 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 145,100 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On Arbe Robotics

Large investors have recently bought and sold shares of the business. Main Street Financial Solutions LLC bought a new stake in shares of Arbe Robotics during the 4th quarter valued at about $41,000. PEAK6 Investments LLC bought a new position in shares of Arbe Robotics during the 1st quarter valued at approximately $319,000. Finally, M&G Plc bought a new position in shares of Arbe Robotics during the 1st quarter valued at approximately $7,439,000. 33.42% of the stock is currently owned by institutional investors.

Arbe Robotics Price Performance

NASDAQ ARBE traded down $0.02 during trading hours on Monday, hitting $1.80. The company’s stock had a trading volume of 57,194 shares, compared to its average volume of 109,068. Arbe Robotics has a 12 month low of $1.40 and a 12 month high of $3.19. The company’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $1.91.

Arbe Robotics (NASDAQ:ARBE) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Arbe Robotics had a negative return on equity of 70.80% and a negative net margin of 3,705.91%. The business had revenue of $0.14 million during the quarter, compared to the consensus estimate of $0.30 million. On average, sell-side analysts forecast that Arbe Robotics will post -0.5 EPS for the current year.

Arbe Robotics Company Profile

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.