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

ARB IOT Group Limited (NASDAQ:ARBB) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 88,400 shares, a drop of 32.3% from the December 15th total of 130,600 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 8,870,000 shares, the days-to-cover ratio is currently 0.0 days.

ARB IOT Group Trading Down 0.5 %

Shares of ARB IOT Group stock traded down $0.00 during trading on Wednesday, reaching $0.56. The company’s stock had a trading volume of 28,003 shares, compared to its average volume of 231,432. ARB IOT Group has a 52 week low of $0.21 and a 52 week high of $4.55. The business’s 50-day moving average price is $0.53 and its 200-day moving average price is $0.43.

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.