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

In November, there was a sizeable reduction in the number of short positions held in Arlo Technologies, Inc. (NYSE: ARLO). As of November 30, there were 1,890,000 shares available for a short sale, representing a decrease of 30.3% from the total number of 2,710,000 shares that were available for a short sale on November 15. As a result, the days-to-cover ratio currently stands at 2.8 days. This number is derived from the fact that the daily volume of trading for shares is an average of 671,600 transactions.

It was reported that on November 11, Arlo Technologies Director Grady Summers purchased 30,000 shares of the company’s stock. This information is related to the news that we just discussed. At an average price of $3.80 per share, the total cost of purchasing all shares came to $114,000 in cash and checks. This is the price that was paid for the shares when their average price was taken into consideration. Because of the acquisition, the director now owns a total of 219,729 shares of the company. Based on the current market price, these shares have a value of approximately $834,970.20. A copy of the official paperwork that was used to disclose the acquisition can be found on the website of the Securities and Exchange Commission (S.E.C.). The Chief Executive Officer of Arlo Technologies, Matthew Blake Mcrae, purchased 20,400 shares of the company’s stock on November 9, as reported in related news regarding Arlo Technologies. The price that was paid for each share, on average, was $2.97, which resulted in the total amount spent on the acquisition of the shares being $60,588.00. As a direct result of the transaction, the Chief Executive Officer now owns a total of 1,724,039 shares of the company, which have an estimated value of $5,120,395.83. A copy of the official paperwork that was used to disclose the acquisition can be found on the website of the Securities and Exchange Commission (S.E.C.). In addition, Director Grady Summers purchased 30,000 shares of the company’s stock on Friday, November 11. At an average price of $3.80 per share, the total cost of purchasing all shares came to $114,000 in cash and checks. This is the price that was paid for the shares when their…