Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBEW) Rises By 23.3%
Arbe Robotics Ltd. (NASDAQ:ARBEW – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 5,300 shares, a growth of 23.3% from the May 15th total of 4,300 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 0.9 days.
Arbe Robotics Stock Performance
Shares of NASDAQ ARBEW opened at $0.17 on Friday. The business’s 50-day moving average price is $0.18 and its two-hundred day moving average price is $0.18. Arbe Robotics has a one year low of $0.10 and a one year high of $0.40.
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.
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