Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBE) Expands By 24.8%

Arbe Robotics Ltd. (NASDAQ:ARBE) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,880,000 shares, a growth of 24.8% from the February 13th total of 4,710,000 shares. Based on an average trading volume of 9,390,000 shares, the short-interest ratio is presently 0.6 days. Approximately 8.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Maxim Group lowered shares of Arbe Robotics from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

Arbe Robotics Trading Up 4.1 %

ARBE opened at $1.27 on Tuesday. The company has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $2.07. The firm has a market cap of $114.42 million, a price-to-earnings ratio of -1.72 and a beta of 0.08. Arbe Robotics has a twelve month low of $1.12 and a twelve month high of $5.09.

Arbe Robotics (NASDAQ:ARBE) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The firm had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.40 million. Arbe Robotics had a negative net margin of 4,567.91% and a negative return on equity of 102.87%. During the same period in the previous year, the business posted ($0.07) earnings per share. On average, analysts forecast that Arbe Robotics will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arbe Robotics

A number of large investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new stake in Arbe Robotics during the 4th quarter valued at $38,000. Saba Capital Management L.P. boosted its stake in Arbe Robotics by 40.8% during the 4th quarter. Saba Capital Management L.P. now owns 1,676,725 shares of the company’s stock valued at $3,119,000 after acquiring an additional 485,613 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Arbe Robotics during the 4th quarter valued at $7,627,000. Jane Street Group LLC bought a new position in Arbe Robotics during the 4th quarter valued at $48,000. Finally, Northern Trust Corp boosted its stake in Arbe Robotics by 1,261.7% during the 4th quarter. Northern Trust Corp now owns 472,661 shares of the company’s stock valued at $879,000 after acquiring an additional 437,949 shares during the last quarter. 33.42% of the stock is owned by institutional investors and hedge funds.

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.