Arbe Robotics Ltd. (NASDAQ:ARBEW) Sees Large Drop in Short Interest

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 10,200 shares, a drop of 28.2% from the January 31st total of 14,200 shares. Based on an average daily volume of 108,300 shares, the days-to-cover ratio is currently 0.1 days.

Arbe Robotics Stock Down 5.9 %

ARBEW traded down $0.02 during midday trading on Tuesday, hitting $0.32. 13,698 shares of the company were exchanged, compared to its average volume of 39,752. The firm’s 50 day moving average price is $0.51 and its 200-day moving average price is $0.30. Arbe Robotics has a 1-year low of $0.11 and a 1-year high of $1.26.

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.