Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBE) Declines By 11.5%

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,010,000 shares, a decrease of 11.5% from the January 15th total of 3,400,000 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average daily volume of 8,040,000 shares, the short-interest ratio is currently 0.4 days.

Arbe Robotics Price Performance

ARBE traded down $0.18 on Friday, hitting $2.70. The company had a trading volume of 6,543,637 shares, compared to its average volume of 10,263,533. Arbe Robotics has a 52-week low of $1.39 and a 52-week high of $5.09. The stock has a fifty day simple moving average of $2.48 and a 200-day simple moving average of $2.11. The firm has a market capitalization of $243.24 million, a P/E ratio of -3.65 and a beta of 0.02.

Arbe Robotics (NASDAQ:ARBE) last announced 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 net margin of 4,567.91% and a negative return on equity of 102.87%. During the same quarter in the prior year, the company posted ($0.12) EPS. Equities research analysts expect that Arbe Robotics will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arbe Robotics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in Arbe Robotics in the 4th quarter worth approximately $25,000. Two Sigma Securities LLC purchased a new position in shares of Arbe Robotics during the 4th quarter valued at $37,000. Jane Street Group LLC purchased a new position in shares of Arbe Robotics during the 4th quarter valued at $48,000. Ground Swell Capital LLC lifted its stake in shares of Arbe Robotics by 114.8% during the 3rd quarter. Ground Swell Capital LLC now owns 38,024 shares of the company’s stock valued at $73,000 after buying an additional 20,324 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Arbe Robotics by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 53,025 shares of the company’s stock valued at $99,000 after acquiring an additional 9,658 shares during the last quarter. Institutional investors own 33.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group decreased their price target on shares of Arbe Robotics from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 29th.

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.