Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Update
Arbe Robotics Ltd. (NASDAQ:ARBE – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 620,900 shares, a growth of 14.4% from the May 15th total of 542,800 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 145,100 shares, the days-to-cover ratio is presently 4.3 days.
Institutional Investors Weigh In On Arbe Robotics
Institutional investors and hedge funds have recently bought and sold shares of the stock. Main Street Financial Solutions LLC purchased a new stake in Arbe Robotics in the 4th quarter valued at $41,000. PEAK6 Investments LLC purchased a new stake in shares of Arbe Robotics during the 1st quarter valued at $319,000. Finally, M&G Plc purchased a new stake in shares of Arbe Robotics during the 1st quarter valued at $7,439,000. 33.42% of the stock is owned by hedge funds and other institutional investors.
Arbe Robotics Price Performance
NASDAQ ARBE opened at $1.82 on Friday. The business has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.91. Arbe Robotics has a 12 month low of $1.40 and a 12 month high of $3.22.
Arbe Robotics (NASDAQ:ARBE – Get Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $0.14 million during the quarter, compared to analysts’ expectations of $0.30 million. Arbe Robotics had a negative net margin of 3,705.91% and a negative return on equity of 70.80%. On average, analysts anticipate that Arbe Robotics will post -0.5 earnings per share for the current year.
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.
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