ARB IOT Group Limited (NASDAQ:ARBB) Sees Significant Drop in Short Interest

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 325,700 shares, a decline of 44.4% from the October 31st total of 585,700 shares. Based on an average daily volume of 8,870,000 shares, the short-interest ratio is currently 0.0 days. Currently, 2.2% of the shares of the stock are short sold.

ARB IOT Group Trading Up 0.0 %

Shares of ARBB stock traded up $0.00 on Friday, reaching $0.51. The company’s stock had a trading volume of 58,332 shares, compared to its average volume of 2,650,949. ARB IOT Group has a 12-month low of $0.21 and a 12-month high of $4.55. The stock’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.48.

ARB IOT Group Company Profile

ARB IOT Group Limited, through its subsidiaries, provides Internet of Things (IoT) system solutions, and system integration and support services in Malaysia. It offers IoT smart home and building solutions, such as design, procurement, and provision of smart home products and devices; integration services; and electrical wire installation and home data network setup for homeowners, as well as provides smart building solutions, including design, procurement, installation, testing, pre-commissioning and commissioning of various IoT systems, solutions, and devices; and integration of automated systems for smart buildings, including installation of wire and wireless, and mechatronic works for property developers and contractors.