Arlo Technologies, Inc. (NYSE:ARLO) Short Interest Update

Arlo Technologies, Inc. (NYSE:ARLO – Get Rating) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,890,000 shares, a decline of 30.3% from the November 15th total of 2,710,000 shares. Based on an average daily trading volume, of 671,600 shares, the days-to-cover ratio is currently 2.8 days.

Arlo Technologies Trading Down 3.9 %

ARLO stock traded down $0.13 during midday trading on Thursday, hitting $3.20. The stock had a trading volume of 648,152 shares, compared to its average volume of 771,459. The firm has a market cap of $283.11 million, a P/E ratio of -7.09 and a beta of 1.58. Arlo Technologies has a 1-year low of $2.93 and a 1-year high of $11.79. The business has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $5.59.

Insiders Place Their Bets

In other Arlo Technologies news, Director Grady Summers purchased 30,000 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were bought at an average price of $3.80 per share, for a total transaction of $114,000.00. Following the completion of the acquisition, the director now owns 219,729 shares in the company, valued at $834,970.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arlo Technologies news, CEO Matthew Blake Mcrae purchased 20,400 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $2.97 per share, for a total transaction of $60,588.00. Following the completion of the acquisition, the chief executive officer now owns 1,724,039 shares in the company, valued at $5,120,395.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Grady Summers purchased 30,000 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were acquired at an average price of $3.80 per share, for a total transaction of $114,000.00. Following the acquisition, the director now owns…