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

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

ARB IOT Group Price Performance

ARB IOT Group stock remained flat at $0.51 during mid-day trading on Friday. 58,332 shares of the company were exchanged, compared to its average volume of 2,650,949. ARB IOT Group has a 52 week low of $0.21 and a 52 week high of $4.55. The company’s 50 day moving average price is $0.44 and its 200-day moving average price 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.