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

Arbe Robotics Ltd. (NASDAQ:ARBEW) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,600 shares, an increase of 36.8% from the August 15th total of 1,900 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Arbe Robotics

An institutional investor recently bought a new position in Arbe Robotics stock. Ionic Capital Management LLC acquired a new position in shares of Arbe Robotics Ltd. (NASDAQ:ARBEW) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 89,171 shares of the company’s stock, valued at approximately $32,000.

Arbe Robotics Trading Up 19.1 %

NASDAQ ARBEW traded up $0.05 during trading hours on Friday, reaching $0.30. 4,560 shares of the company traded hands, compared to its average volume of 14,736. Arbe Robotics has a 12 month low of $0.15 and a 12 month high of $0.92. The company has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.30.

About Arbe Robotics

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Sweden, Germany, Switzerland, the United States, Italy, and Israel. 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.