Mobileye Global Inc. (NASDAQ:MBLY) Short Interest Update

Mobileye Global Inc. (NASDAQ:MBLY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 27,902,808 shares, an increase of 24.0% from the December 31st total of 22,510,412 shares. Based on an average daily trading volume, of 15,240,063 shares, the days-to-cover ratio is currently 1.8 days. Currently, 3.5% of the company’s stock are sold short. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 15,240,063 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MBLY shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobileye Global in a research report on Wednesday, January 28th. Wolfe Research cut shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Royal Bank Of Canada dropped their price target on shares of Mobileye Global from $14.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, January 23rd. Barclays upgraded shares of Mobileye Global from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $17.00 to $16.00 in a research report on Monday, January 5th. Finally, HSBC lowered Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and an average target price of $15.89.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the business. MAI Capital Management increased its stake in Mobileye Global by 22.2% during the 3rd quarter. MAI Capital Management now owns 4,400 shares of the company’s stock worth $62,000 after buying an additional 800 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Mobileye Global by 6.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 16,068 shares of the company’s stock worth $168,000 after acquiring an additional 957 shares in the last quarter. Sei Investments Co. increased its position in shares of Mobileye Global by 2.5% during the second quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock worth $811,000 after acquiring an additional 1,090 shares during the period. Cresset Asset Management LLC raised its stake in shares of Mobileye Global by 6.3% in the third quarter. Cresset Asset Management LLC now owns 18,819 shares of the company’s stock valued at $266,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Country Club Bank boosted its holdings in Mobileye Global by 0.8% in the third quarter. Country Club Bank now owns 144,803 shares of the company’s stock valued at $2,048,000 after purchasing an additional 1,188 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $8.73 on Wednesday. Mobileye Global has a fifty-two week low of $8.40 and a fifty-two week high of $20.18. The firm has a market capitalization of $7.10 billion, a P/E ratio of -17.82 and a beta of 0.58. The stock’s fifty day moving average is $10.75 and its two-hundred day moving average is $12.79.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 22nd. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $430.69 million. Mobileye Global had a positive return on equity of 0.21% and a negative net margin of 20.70%.The business’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.