Short Interest in Arrive AI Inc. (NASDAQ:ARAI) Rises By 121.7%

Arrive AI Inc. (NASDAQ:ARAI) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 693,472 shares, an increase of 121.7% from the January 15th total of 312,790 shares. Based on an average daily volume of 4,435,655 shares, the short-interest ratio is currently 0.2 days. Currently, 2.0% of the company’s shares are short sold. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 4,435,655 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Arrive AI from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “sell (e)” rating on shares of Arrive AI in a research report on Monday, December 29th. Finally, Maxim Group started coverage on shares of Arrive AI in a research note on Tuesday, November 4th. They issued a “buy” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Institutional Trading of Arrive AI

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Arrive AI in the second quarter valued at $133,000. New York State Common Retirement Fund acquired a new stake in Arrive AI in the 3rd quarter valued at about $45,000. Strs Ohio acquired a new stake in Arrive AI in the 4th quarter valued at about $40,000. PharVision Advisers LLC purchased a new position in shares of Arrive AI in the 3rd quarter valued at about $60,000. Finally, Two Sigma Investments LP acquired a new position in shares of Arrive AI during the third quarter worth about $106,000.

Arrive AI Price Performance

Shares of NASDAQ:ARAI opened at $1.17 on Friday. The firm has a market capitalization of $40.03 million and a PE ratio of -6.16. Arrive AI has a 1 year low of $1.06 and a 1 year high of $40.00. The firm’s 50-day moving average is $2.60 and its two-hundred day moving average is $4.06.

Arrive AI (NASDAQ:ARAI) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter.

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.