Arbe Robotics Ltd. (NASDAQ:ARBE – Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 661,200 shares, a decline of 6.2% from the March 31st total of 704,900 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is presently 4.7 days. Currently, 1.4% of the shares of the stock are sold short.
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 position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,012 shares of the company’s stock, valued at approximately $41,000. Institutional investors and hedge funds own 33.42% of the company’s stock.
Arbe Robotics Price Performance
Shares of NASDAQ:ARBE opened at $1.81 on Tuesday. Arbe Robotics has a 12 month low of $1.40 and a 12 month high of $3.31. The stock has a market cap of $141.58 million, a price-to-earnings ratio of -2.48 and a beta of -0.15. The stock’s 50 day moving average price is $1.91 and its 200 day moving average price is $1.95.
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.
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