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

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

ARB IOT Group Stock Down 0.9 %

Shares of NASDAQ:ARBB traded down $0.01 on Friday, reaching $1.07. 57,192 shares of the company traded hands, compared to its average volume of 76,416. The business’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $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.