ARB IOT Group Limited (NASDAQ:ARBB) Stock Short Interest Report for October

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 211 shares, a decrease of 89.9% from the October 15th total of 2,080 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,242 shares, the short-interest ratio is currently 0.0 days.

ARB IOT Group Price Performance

Shares of ARBB stock opened at $3.77 on Wednesday. The company’s fifty day simple moving average is $4.16 and its 200-day simple moving average is $4.58. ARB IOT Group has a 12 month low of $3.16 and a 12 month high of $10.67.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered ARB IOT Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

About ARB IOT Group

ARB IOT Group Limited is a technology company focused on Internet of Things (IoT) products and solutions. Through its operating subsidiaries, the company develops and supplies connected devices and technology designed to collect, transmit and analyze data for use by businesses and consumers. The company’s offerings include IoT hardware and related software and services for applications such as smart homes, smart buildings, industrial operations and other connected environments. Its solutions are intended to support automation, monitoring, remote management and data-driven decision-making.