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

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,700 shares, a drop of 46.9% from the March 31st total of 3,200 shares. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is currently 0.2 days.

Arbe Robotics Price Performance

NASDAQ:ARBEW remained flat at $0.19 on Friday. 12,553 shares of the company’s stock traded hands, compared to its average volume of 11,342. The stock has a fifty day moving average price of $0.17 and a two-hundred day moving average price of $0.19. Arbe Robotics has a 12 month low of $0.10 and a 12 month high of $0.40.

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.