Short Interest in Arbe Robotics Ltd. (NASDAQ:ARBEW) Increases By 144.8%

Arbe Robotics Ltd. (NASDAQ:ARBEW) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,100 shares, an increase of 144.8% from the December 31st total of 2,900 shares. Based on an average daily volume of 81,400 shares, the days-to-cover ratio is presently 0.1 days.

Arbe Robotics Price Performance

Shares of ARBEW remained flat at $0.53 during mid-day trading on Friday. The stock had a trading volume of 7,403 shares, compared to its average volume of 260,185. Arbe Robotics has a 52 week low of $0.10 and a 52 week high of $1.26. The business’s fifty day moving average price is $0.36 and its 200-day moving average price is $0.26.

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.