Short Interest in ARB IOT Group Limited (NASDAQ:ARBB) Drops By 56.5%

ARB IOT Group Limited (NASDAQ:ARBB) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 141,800 shares, a decrease of 56.5% from the November 15th total of 325,700 shares. Based on an average daily volume of 8,840,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.9% of the shares of the company are sold short.

ARB IOT Group Price Performance

NASDAQ ARBB traded down $0.01 on Friday, hitting $0.48. 43,753 shares of the stock traded hands, compared to its average volume of 2,547,328. The business’s fifty day moving average is $0.49 and its two-hundred day moving average is $0.46. ARB IOT Group has a 12 month low of $0.21 and a 12 month high of $4.55.

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.