Short Interest in ARB IOT Group Limited (NASDAQ:ARBB) Grows By 872.7%

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 107,000 shares, an increase of 872.7% from the August 15th total of 11,000 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are sold short.

ARB IOT Group Stock Performance

Shares of NASDAQ:ARBB opened at $0.28 on Friday. The firm has a 50 day moving average of $0.38 and a 200-day moving average of $0.80. ARB IOT Group has a 12 month low of $0.21 and a 12 month high of $4.55.

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.