Arrive AI Inc. (NASDAQ:ARAI) Short Interest Update

Arrive AI Inc. (NASDAQ:ARAI) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 728,037 shares, a growth of 121.8% from the July 30th total of 328,221 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 610,263 shares, the short-interest ratio is currently 1.2 days.

Arrive AI Stock Down 2.4%

Shares of NASDAQ:ARAI traded down $0.01 during trading hours on Friday, reaching $0.23. The stock had a trading volume of 211,340 shares, compared to its average volume of 626,140. Arrive AI has a 1 year low of $0.22 and a 1 year high of $6.86. The firm’s 50 day moving average is $0.32 and its 200-day moving average is $0.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $11.68 million, a price-to-earnings ratio of -0.35 and a beta of 4.31.

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

Institutional Investors Weigh In On Arrive AI

Several hedge funds have recently modified their holdings of ARAI. Geode Capital Management LLC lifted its stake in shares of Arrive AI by 15.7% in the 4th quarter. Geode Capital Management LLC now owns 123,571 shares of the company’s stock worth $325,000 after acquiring an additional 16,804 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Arrive AI during the first quarter worth about $58,000. State Street Corp increased its stake in shares of Arrive AI by 193.6% during the fourth quarter. State Street Corp now owns 46,100 shares of the company’s stock worth $121,000 after acquiring an additional 30,400 shares during the period. Two Sigma Investments LP purchased a new position in Arrive AI during the third quarter worth about $106,000. Finally, PharVision Advisers LLC purchased a new position in Arrive AI during the third quarter worth about $60,000.

Wall Street Analysts Forecast Growth

ARAI has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Arrive AI in a research report on Wednesday, July 29th. Wall Street Zen cut Arrive AI from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Arrive AI presently has an average rating of “Hold” and a consensus price target of $12.00.

About Arrive AI

We were incorporated on April 30, 2020, in the State of Delaware under the name of Dronedek Corporation. The Company changed its name to Arrive Technology Inc on July 27, 2023. The Company changed its name to Arrive AI Inc on September 30, 2024. We are a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox and platform system for smart, secure, and seamless exchange of packages, goods, supplies, food, and medications between people, through the use of robots, and drones.