Arbe Robotics Ltd. (NASDAQ:ARBEW) Short Interest Down 46.9% in April

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

Arbe Robotics Price Performance

ARBEW stock remained flat at $0.19 during trading hours on Friday. 12,553 shares of the company’s stock were exchanged, compared to its average volume of 11,342. The company’s fifty day moving average is $0.17 and its 200-day moving average is $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.