A Reversal for Arlo Technologies Inc (NYSE:ARLO) Is Not Near. The Stock Has Rise in Shorts

September 16, 2018 - By Brian Ramirez

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 September as published by FINRA. Its up 6.08% from 4.38 million 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 1.29% or $0.23 during the last trading session, reaching $17.66. About 746,226 shares traded. Arlo Technologies, Inc. (NYSE:ARLO) has 0.00% since September 16, 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 $1.31 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: Seekingalpha.com which released: “Arlo -3.2% as analysts eye rivals in coverage launches” on August 28, 2018. Also Fool.com published the news titled: “Can Arlo Technologies Make the Switch From Hardware to Services?” on September 12, 2018. Businesswire.com‘s news article titled: “Arlo Technologies to Present at Deutsche Bank Technology Conference” with publication date: September 10, 2018 was also an interesting one.

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