Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Up 11.1% in December

Arbe Robotics Ltd. (NASDAQ:ARBE) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 680,500 shares, a growth of 11.1% from the November 30th total of 612,600 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 118,800 shares, the short-interest ratio is presently 5.7 days.

Arbe Robotics Price Performance

Arbe Robotics stock opened at $2.10 on Tuesday. Arbe Robotics has a 12-month low of $1.39 and a 12-month high of $2.57. The stock has a market capitalization of $169.52 million, a PE ratio of -2.84 and a beta of -0.02. The firm has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.93.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Arbe Robotics

A hedge fund recently bought a new stake in Arbe Robotics stock. Ground Swell Capital LLC bought a new position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,700 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 33.42% of the company’s stock.

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.