Arbe Robotics Ltd. (NASDAQ:ARBE) Short Interest Up 46.8% in April

Key Points

• Short interest jumped 46.8% in April to 8,707,219 shares (about 15.3% of shares), with a short-interest ratio of 11.2 days based on average daily volume.
• The stock has an average analyst rating of “Moderate Buy” (three Buys, one Sell) and an average price target of $2.25; notable coverage moves include Westpark initiating a Buy at $3.50 and Canaccord cutting its target to $1.25.
• ARBE opened at $0.79 with a market cap of roughly $96.97 million, a negative P/E (-1.93), and a 12‑month trading range of $0.55 to $2.88.

Arbe Robotics Ltd. (NASDAQ:ARBE - Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 8,707,219 shares, an increase of 46.8% from the March 31st total of 5,931,561 shares. Based on an average daily volume of 775,265 shares, the short-interest ratio is currently 11.2 days. Approximately 15.3% of the company's stock are short sold.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Westpark Capital assumed coverage on shares of Arbe Robotics in a research note on Thursday, January 8th. They set a "buy" rating and a $3.50 price objective on the stock. Canaccord Genuity Group dropped their price objective on shares of Arbe Robotics from $1.75 to $1.25 and set a "buy" rating on the stock in a research note on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2.25.

Arbe Robotics Stock Up 0.2%

Shares of ARBE opened at $0.79 on Tuesday. The company has a market cap of $96.97 million, a price-to-earnings ratio of -1.93 and a beta of 0.70. Arbe Robotics has a twelve month low of $0.55 and a twelve month high of $2.88. The company has a 50 day moving average of $0.78 and a two-hundred day moving average of $1.22.

Institutional Investors Weigh In On Arbe Robotics

Several institutional investors have recently bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its stake in Arbe Robotics by 51.4% in the fourth quarter. Resurgent Financial Advisors LLC now owns 27,100 shares of the company's stock valued at $32,000 after acquiring an additional 9,200 shares in the last quarter. Sender Co & Partners Inc. lifted its stake in shares of Arbe Robotics by 19.6% during the third quarter. Sender Co & Partners Inc. now owns 103,620 shares of the company's stock worth $171,000 after buying an additional 16,991 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of Arbe Robotics by 200.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 30,000 shares of the company's stock worth $35,000 after buying an additional 20,000 shares during the period. Two Sigma Investments LP lifted its stake in shares of Arbe Robotics by 25.2% during the third quarter. Two Sigma Investments LP now owns 109,283 shares of the company's stock worth $180,000 after buying an additional 21,990 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of Arbe Robotics during the second quarter worth $41,000. 33.42% of the stock is currently owned by institutional investors and hedge funds.

Arbe Robotics Company Profile

Arbe Robotics Ltd. is a technology company specializing in high-resolution 4D imaging radar solutions for the automotive industry. The company's radar platform is designed to enhance advanced driver-assistance systems (ADAS) and support the development of autonomous vehicles by providing detailed object detection, precise range and velocity measurements, and accurate environmental mapping under diverse driving conditions.

Founded in 2015 and headquartered in Tel Aviv, Israel, Arbe Robotics has developed its own semiconductor chipset and accompanying software stack.

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