ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Update

ARB IOT Group Limited (NASDAQ:ARBB) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 27,047 shares, a decrease of 41.9% from the May 14th total of 46,557 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 9,694 shares, the short-interest ratio is currently 2.8 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

ARB IOT Group Trading Down 2.4%

ARB IOT Group stock opened at $5.58 on Friday. ARB IOT Group has a 12 month low of $3.71 and a 12 month high of $13.89. The business’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $5.22.

ARB IOT Group (NASDAQ:ARBB) last posted its quarterly earnings data on Friday, May 8th. The company reported ($1.02) EPS for the quarter. The company had revenue of $18.53 million during the quarter.

About ARB IOT Group

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.