Mobileye Global Inc. (NASDAQ:MBLY) Short Interest Update

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. Currently, 27.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,080,000 shares, the days-to-cover ratio is currently 3.5 days.

Mobileye Global Trading Up 3.0 %

NASDAQ:MBLY traded up $0.53 during midday trading on Monday, hitting $17.97. 3,024,807 shares of the stock were exchanged, compared to its average volume of 6,349,957. Mobileye Global has a one year low of $10.48 and a one year high of $34.00. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of -4.70, a P/E/G ratio of 20.12 and a beta of 0.26. The business has a 50-day moving average price of $17.60 and a two-hundred day moving average price of $15.47.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Mobileye Global will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

MBLY has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Canaccord Genuity Group dropped their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. TD Cowen lifted their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price target on Mobileye Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and an average price target of $22.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its position in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the 4th quarter valued at $30,000. Global Retirement Partners LLC lifted its stake in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.