Short Interest in Mobileye Global Inc. (NASDAQ:MBLY) Grows By 16.9%

Mobileye Global Inc. (NASDAQ:MBLY) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 25,070,000 shares, an increase of 16.9% from the January 15th total of 21,440,000 shares. Based on an average daily volume of 7,080,000 shares, the short-interest ratio is currently 3.5 days. Approximately 27.3% of the shares of the stock are sold short.

Mobileye Global Stock Up 3.0 %

MBLY stock traded up $0.53 during mid-day trading on Monday, hitting $17.97. 3,024,807 shares of the company were exchanged, compared to its average volume of 6,349,957. The business has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $15.47. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00. The firm has a market capitalization of $14.57 billion, a P/E ratio of -4.70, a PEG ratio of 20.12 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. Research analysts predict that Mobileye Global will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MBLY. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group dropped their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. UBS Group increased their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and an average price target of $22.86.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. The Manufacturers Life Insurance Company boosted its stake in shares of Mobileye Global by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company’s stock valued at $283,101,000 after buying an additional 621,062 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares in the last quarter. Norges Bank bought a new stake in Mobileye Global during the fourth quarter worth approximately $95,937,000. Primecap Management Co. CA grew its stake in shares of Mobileye Global by 2.3% in the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock worth $35,944,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Mobileye Global by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company’s stock worth $34,181,000 after acquiring an additional 45,756 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

About Mobileye Global

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.