Arrive AI Inc. (NASDAQ:ARAI) Short Interest Update

Arrive AI Inc. (NASDAQ:ARAI) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 693,472 shares, a growth of 121.7% from the January 15th total of 312,790 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 4,435,655 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 4,435,655 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.0% of the company’s shares are sold short.

Arrive AI Price Performance

NASDAQ:ARAI opened at $1.06 on Friday. The company’s fifty day moving average price is $2.66 and its 200-day moving average price is $4.12. Arrive AI has a 1-year low of $1.06 and a 1-year high of $40.00. The firm has a market capitalization of $36.26 million and a P/E ratio of -5.58.

Arrive AI (NASDAQ:ARAI) last posted its earnings results on Friday, November 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

Institutional Trading of Arrive AI

A number of hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Arrive AI during the fourth quarter worth about $40,000. New York State Common Retirement Fund acquired a new position in Arrive AI in the third quarter valued at approximately $45,000. PharVision Advisers LLC purchased a new stake in Arrive AI in the 3rd quarter worth approximately $60,000. Two Sigma Investments LP purchased a new stake in Arrive AI in the 3rd quarter worth approximately $106,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Arrive AI during the 2nd quarter worth approximately $133,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARAI. Weiss Ratings reissued a “sell (e)” rating on shares of Arrive AI in a research report on Monday, December 29th. Wall Street Zen raised shares of Arrive AI from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Maxim Group started coverage on shares of Arrive AI in a research report on Tuesday, November 4th. They set a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Arrive AI presently has an average rating of “Hold” and an average price target of $12.00.

About Arrive AI

We were incorporated on April 30, 2020, in the State of Delaware under the name of Dronedek Corporation. The Company changed its name to Arrive Technology Inc on July 27, 2023. The Company changed its name to Arrive AI Inc on September 30, 2024. We are a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox and platform system for smart, secure, and seamless exchange of packages, goods, supplies, food, and medications between people, through the use of robots, and drones.