Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Update

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 661,200 shares, a decrease of 6.2% from the March 31st total of 704,900 shares. Based on an average daily trading volume, of 140,500 shares, the days-to-cover ratio is currently 4.7 days. Approximately 1.4% of the shares of the stock are short sold.

Arbe Robotics Stock Performance

Shares of NASDAQ:ARBE opened at $1.81 on Tuesday. The business’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $1.95. The stock has a market cap of $141.58 million, a PE ratio of -2.48 and a beta of -0.15. Arbe Robotics has a one year low of $1.40 and a one year high of $3.31.

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

Institutional Investors Weigh In On Arbe Robotics

An institutional investor recently bought a new position in Arbe Robotics stock. Main Street Financial Solutions LLC bought a new stake in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,012 shares of the company’s stock, valued at approximately $41,000. 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.