ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Down 15.4% in February

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 24,800 shares, a drop of 15.4% from the January 31st total of 29,300 shares. Based on an average daily volume of 108,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of ARB IOT Group

An institutional investor recently raised its position in ARB IOT Group stock. Citadel Advisors LLC raised its stake in ARB IOT Group Limited (NASDAQ:ARBB) by 120.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,831 shares of the company’s stock after purchasing an additional 39,744 shares during the period. Citadel Advisors LLC owned 0.28% of ARB IOT Group worth $36,000 as of its most recent SEC filing. Institutional investors and hedge funds own 14.79% of the company’s stock.

ARB IOT Group Stock Performance

ARBB stock opened at $0.52 on Wednesday. The stock’s 50 day moving average is $0.51 and its two-hundred day moving average is $0.45. ARB IOT Group has a 52-week low of $0.21 and a 52-week high of $1.65.

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.