Short Interest in Mobileye Global Inc. (NASDAQ:MBLY) Grows By 24.0%

Mobileye Global Inc. (NASDAQ:MBLY) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 27,902,808 shares, a growth of 24.0% from the December 31st total of 22,510,412 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average trading volume of 15,240,063 shares, the short-interest ratio is presently 1.8 days. Based on an average trading volume of 15,240,063 shares, the short-interest ratio is presently 1.8 days. Currently, 3.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MBLY shares. Needham & Company LLC reduced their price target on Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Piper Sandler cut their price objective on Mobileye Global from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. UBS Group lowered their target price on shares of Mobileye Global from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Barclays raised shares of Mobileye Global from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $17.00 to $16.00 in a research report on Monday, January 5th. Finally, Tigress Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Mobileye Global in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Trading Down 0.1%

MBLY opened at $8.97 on Tuesday. The stock’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $12.84. Mobileye Global has a 1-year low of $8.74 and a 1-year high of $20.18. The stock has a market cap of $7.30 billion, a PE ratio of -18.31 and a beta of 0.58.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $446.00 million for the quarter, compared to the consensus estimate of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. Equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its position in shares of Mobileye Global by 465.7% in the third quarter. IFP Advisors Inc now owns 1,816 shares of the company’s stock valued at $26,000 after purchasing an additional 1,495 shares during the last quarter. Rhumbline Advisers bought a new stake in Mobileye Global in the 1st quarter valued at $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Mobileye Global in the 2nd quarter valued at $31,000. Financial Management Professionals Inc. bought a new position in Mobileye Global during the 4th quarter worth $32,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Mobileye Global by 8,500.0% during the third quarter. Brown Brothers Harriman & Co. now owns 3,182 shares of the company’s stock worth $45,000 after buying an additional 3,145 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.