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

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

ARB IOT Group Trading Up 10.8 %

Shares of NASDAQ:ARBB opened at $0.51 on Thursday. ARB IOT Group has a 12 month low of $0.21 and a 12 month high of $4.55. The company’s fifty day moving average price is $0.43 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.