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

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 11,000 shares, a growth of 205.6% from the July 31st total of 3,600 shares. Based on an average daily volume of 93,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

ARB IOT Group Trading Up 6.4 %

ARB IOT Group stock opened at $0.42 on Wednesday. ARB IOT Group has a fifty-two week low of $0.26 and a fifty-two week high of $4.55. The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.95.

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.