Mobileye Global Inc. (NASDAQ:MBLY) Short Interest Update

Mobileye Global Inc. (NASDAQ:MBLY) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 18,270,000 shares, a decrease of 18.7% from the December 15th total of 22,460,000 shares. Based on an average daily trading volume, of 7,070,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 19.7% of the shares of the company are short sold.

Analyst Ratings Changes

Several analysts have recently commented on MBLY shares. UBS Group upped their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday. Barclays reduced their price objective on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, December 11th. BNP Paribas cut Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a research report on Wednesday, October 2nd. Finally, Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.81.

Institutional Trading of Mobileye Global

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its position in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new position in Mobileye Global in the 4th quarter valued at $30,000. Rakuten Securities Inc. grew its holdings in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the period. Quarry LP purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC grew its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after acquiring an additional 3,478 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Price Performance

Shares of Mobileye Global stock traded up $0.26 on Friday, reaching $16.77. 375,997 shares of the company were exchanged, compared to its average volume of 9,073,515. The company has a market cap of $13.60 billion, a P/E ratio of -4.61, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. The stock’s 50 day moving average price is $17.83 and its 200-day moving average price is $16.84. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $34.00.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.