Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBEW) Drops By 97.1%

Arbe Robotics Ltd. (NASDAQ:ARBEW) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, a decline of 97.1% from the May 15th total of 10,500 shares. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is currently 0.0 days.

Arbe Robotics Price Performance

ARBEW stock opened at $0.23 on Thursday. The firm has a 50-day moving average price of $0.24 and a 200-day moving average price of $0.32. Arbe Robotics has a 12 month low of $0.11 and a 12 month high of $1.26.

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.