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

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 27,800 shares, a drop of 19.9% from the March 31st total of 34,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 420,600 shares, the days-to-cover ratio is presently 0.1 days.

ARB IOT Group Price Performance

Shares of ARBB traded down $0.01 during trading hours on Friday, reaching $1.07. The stock had a trading volume of 57,192 shares, compared to its average volume of 76,416. The firm has a 50-day moving average of $1.39 and a 200 day moving average of $1.33. ARB IOT Group has a 52 week low of $0.70 and a 52 week high of $5.19.

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.