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

ARB IOT Group Limited (NASDAQ:ARBB) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 14,100 shares, a decline of 86.8% from the August 31st total of 107,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 134,800 shares, the days-to-cover ratio is presently 0.1 days.

ARB IOT Group Trading Up 5.5 %

ARBB traded up $0.02 during trading on Friday, hitting $0.29. The company had a trading volume of 15,091 shares, compared to its average volume of 215,609. ARB IOT Group has a 1-year low of $0.21 and a 1-year high of $4.55. The business has a 50-day moving average of $0.33 and a 200-day moving average of $0.72.

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.