Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Up 77.8% in December

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,210,000 shares, a growth of 77.8% from the December 15th total of 680,500 shares. Based on an average trading volume of 4,690,000 shares, the short-interest ratio is currently 0.3 days. Currently, 2.2% of the shares of the company are sold short.

Institutional Trading of Arbe Robotics

An institutional investor recently raised its position in Arbe Robotics stock. Ground Swell Capital LLC increased its holdings in Arbe Robotics Ltd. (NASDAQ:ARBE) by 114.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,024 shares of the company’s stock after purchasing an additional 20,324 shares during the quarter. Ground Swell Capital LLC’s holdings in Arbe Robotics were worth $73,000 at the end of the most recent reporting period. 33.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Maxim Group decreased their target price 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.

Arbe Robotics Price Performance

ARBE stock traded down $0.17 during trading on Thursday, hitting $3.10. 4,917,928 shares of the company traded hands, compared to its average volume of 35,244,715. Arbe Robotics has a 1 year low of $1.39 and a 1 year high of $5.09. The company has a market cap of $250.26 million, a PE ratio of -4.19 and a beta of -0.04. The stock’s 50-day simple moving average is $2.02 and its 200 day simple moving average is $2.01.

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.