Short Interest in Mobileye Global Inc. (NASDAQ:MBLY) Decreases By 16.5%

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 22,260,000 shares, a decline of 16.5% from the March 31st total of 26,660,000 shares. Approximately 23.9% of the company's shares are sold short. Based on an average daily trading volume, of 4,620,000 shares, the short-interest ratio is presently 4.8 days.

Analyst Ratings Changes

Several research firms have recently issued reports on MBLY. Barclays reissued an "equal weight" rating and issued a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Mizuho reduced their price objective on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Needham & Company LLC decreased their target price on Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $18.63.

Mobileye Global Price Performance

MBLY traded up $0.34 during trading hours on Thursday, hitting $15.10. 307,001 shares of the stock were exchanged, compared to its average volume of 5,410,860. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of -3.95, a price-to-earnings-growth ratio of 69.54 and a beta of 0.38. The stock has a 50-day simple moving average of $14.26 and a 200-day simple moving average of $15.98. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The company's revenue for the quarter was up 83.3% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS. Sell-side analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently made changes to their positions in MBLY. XTX Topco Ltd grew its stake in Mobileye Global by 922.3% during the 1st quarter. XTX Topco Ltd now owns 105,481 shares of the company's stock worth $1,518,000 after buying an additional 95,163 shares during the last quarter. Corton Capital Inc. bought a new position in shares of Mobileye Global during the first quarter worth about $300,000. LPL Financial LLC increased its holdings in shares of Mobileye Global by 27.5% in the 1st quarter. LPL Financial LLC now owns 188,698 shares of the company's stock worth $2,716,000 after acquiring an additional 40,724 shares during the period. Avantax Advisory Services Inc. lifted its position in Mobileye Global by 15.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 187,419 shares of the company's stock valued at $2,698,000 after purchasing an additional 24,900 shares during the last quarter. Finally, Triumph Capital Management boosted its stake in Mobileye Global by 7.3% during the 1st quarter. Triumph Capital Management now owns 71,045 shares of the company's stock valued at $1,023,000 after purchasing an additional 4,861 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

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.