Arbe Robotics Ltd. (NASDAQ:ARBEW) Sees Large Decline in Short Interest

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 12,500 shares, a drop of 16.1% from the March 15th total of 14,900 shares. Based on an average daily volume of 92,400 shares, the short-interest ratio is currently 0.1 days.

Arbe Robotics Stock Performance

ARBEW stock opened at $0.21 on Monday. Arbe Robotics has a 52 week low of $0.11 and a 52 week high of $1.26. The firm has a 50 day simple moving average of $0.29 and a 200 day simple moving average of $0.30.

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, 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.