Arbe Robotics Ltd. (NASDAQ:ARBEW) Short Interest Up 64.3% in October

Arbe Robotics Ltd. (NASDAQ:ARBEW) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,300 shares, an increase of 64.3% from the October 15th total of 1,400 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 1.0 days.

Arbe Robotics Price Performance

Shares of NASDAQ:ARBEW opened at $0.18 on Thursday. Arbe Robotics has a 1 year low of $0.10 and a 1 year high of $0.30. The business’s 50-day moving average is $0.19 and its 200-day moving average is $0.21.

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.