Could Arlo Technologies Inc (NYSE:ARLO) Change Direction After More Shorts?

October 2, 2018 - By Ruchi Gupta

The stock of Arlo Technologies Inc (NYSE:ARLO) registered an increase of 6.08% in short interest. ARLO’s total short interest was 4.65 million shares in October as published by FINRA. Its up 6.08% from 4.38M shares, reported previously. With 622,500 shares average volume, it will take short sellers 8 days to cover their ARLO’s short positions.

The stock decreased 1.45% or $0.21 during the last trading session, reaching $14.31. About 133,753 shares traded. Arlo Technologies, Inc. (NYSE:ARLO) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Arlo Technologies, Inc. provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. The company has market cap of $1.06 billion. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision. It currently has negative earnings. The firm also offers Arlo Pro 2, a battery-operated weather-resistant Wi-Fi camera with advancements in sound and motion detection; Arlo Security Light, a wire-free lighting product; and accessories, such as charging accessories, device mounts, and device skins.

More recent Arlo Technologies, Inc. (NYSE:ARLO) news were published by: Fool.com which released: “Can Arlo Technologies Make the Switch From Hardware to Services?” on September 12, 2018. Also Fool.com published the news titled: “Arlo or Sonos: Which Smart-Home IPO Is the Better Buy?” on September 22, 2018. Investorplace.com‘s news article titled: “17 Small-Cap Stocks That Could Double” with publication date: October 01, 2018 was also an interesting one.

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