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

ARB IOT Group Limited (NASDAQ:ARBB) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 34,700 shares, a growth of 11.2% from the March 15th total of 31,200 shares. Based on an average daily volume of 409,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

ARB IOT Group Price Performance

ARBB stock traded down $0.03 during mid-day trading on Tuesday, reaching $1.03. 30,723 shares of the company traded hands, compared to its average volume of 372,568. ARB IOT Group has a fifty-two week low of $0.70 and a fifty-two week high of $5.40. The firm’s 50 day moving average price is $1.52 and its 200 day moving average price is $1.36.

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.