Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBE) Increases By 102.3%

Arbe Robotics Ltd. (NASDAQ:ARBE) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 704,900 shares, an increase of 102.3% from the March 15th total of 348,400 shares. Based on an average daily trading volume, of 143,100 shares, the days-to-cover ratio is currently 4.9 days. Currently, 1.5% of the company’s shares are short sold.

Arbe Robotics Trading Down 1.0 %

Shares of ARBE traded down $0.02 during midday trading on Friday, hitting $1.92. The stock had a trading volume of 25,710 shares, compared to its average volume of 313,091. Arbe Robotics has a fifty-two week low of $1.40 and a fifty-two week high of $3.31. The business has a 50-day simple moving average of $1.91 and a two-hundred day simple moving average of $1.98. The firm has a market cap of $150.18 million, a P/E ratio of -2.63 and a beta of -0.15.

Arbe Robotics (NASDAQ:ARBE) last announced its earnings results on Thursday, March 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. Arbe Robotics had a negative net margin of 2,959.18% and a negative return on equity of 69.50%. The company had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $4.00 million. On average, analysts expect that Arbe Robotics will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Arbe Robotics

Several institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd acquired a new stake in shares of Arbe Robotics during the third quarter worth approximately $4,337,000. Credit Suisse AG boosted its holdings in shares of Arbe Robotics by 11.0% during the second quarter. Credit Suisse AG now owns 1,729,089 shares of the company’s stock worth $4,997,000 after purchasing an additional 171,425 shares during the period. Saba Capital Management L.P. acquired a new stake in shares of Arbe Robotics during the first quarter worth approximately $322,000. Northern Trust Corp acquired a new stake in Arbe Robotics in the fourth quarter valued at approximately $96,000. Finally, Sphera Funds Management LTD. acquired a new stake in Arbe Robotics in the fourth quarter valued at approximately $94,000. 33.42% of the stock is currently owned by institutional investors and hedge funds.

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, Sweden, Germany, Switzerland, the United States, Italy, and Israel. 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.