Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBEW) Increases By 21.6%

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 6,200 shares, a growth of 21.6% from the June 30th total of 5,100 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 1.6 days.

Arbe Robotics Stock Performance

Shares of NASDAQ:ARBEW traded down $0.00 during trading on Monday, reaching $0.27. The stock had a trading volume of 479 shares, compared to its average volume of 8,354. Arbe Robotics has a 52 week low of $0.10 and a 52 week high of $0.40. The business’s 50-day moving average price is $0.22 and its 200 day moving average price is $0.19.

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.