Arrive AI Inc. (NASDAQ:ARAI) Stock Short Interest Report for September

Arrive AI Inc. (NASDAQ:ARAI) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,478,414 shares, a growth of 194.1% from the September 15th total of 502,685 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,340,936 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Arrive AI in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

Arrive AI Stock Performance

NASDAQ ARAI traded down $0.01 on Tuesday, reaching $0.14. The stock had a trading volume of 2,997,535 shares, compared to its average volume of 4,844,604. The stock has a market cap of $7.26 million, a P/E ratio of -0.22 and a beta of 4.24. Arrive AI has a 12-month low of $0.13 and a 12-month high of $6.86. The business’s 50-day moving average price is $0.23 and its 200 day moving average price is $0.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.91 and a current ratio of 0.92.

Arrive AI (NASDAQ:ARAI) last announced its earnings results on Thursday, August 13th. The company reported ($0.28) earnings per share (EPS) for the quarter. Arrive AI had a negative return on equity of 346.39% and a negative net margin of 50,198.12%. The business had revenue of $0.01 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Arrive AI stock. Cygnus Capital Advisors LLC grew its holdings in Arrive AI Inc. (NASDAQ:ARAI) by 351.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 117,288 shares of the company’s stock after buying an additional 91,288 shares during the period. Cygnus Capital Advisors LLC owned 0.23% of Arrive AI worth $50,000 at the end of the most recent reporting period.

About Arrive AI

Arrive AI, Inc develops technology for autonomous last-mile delivery. Its platform is designed to connect delivery vehicles, packages and receiving locations, helping enable secure, unattended delivery for homes, businesses and other destinations.

The company’s offerings include Arrive Point, an intelligent mailbox or delivery receptacle intended to receive packages from autonomous vehicles and conventional delivery services. Arrive AI’s technology is aimed at supporting applications across residential delivery, retail, healthcare and other logistics settings where secure package handoff and access coordination are important.

Arrive AI was founded by Dan O’Toole, who serves as the company’s chief executive officer.