Short Interest in ARB IOT Group Limited (NASDAQ:ARBB) Rises By 41,735.7%

ARB IOT Group Limited (NASDAQ:ARBB) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 585,700 shares, a growth of 41,735.7% from the October 15th total of 1,400 shares. Based on an average daily volume of 8,840,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.6% of the company’s shares are short sold.

ARB IOT Group Stock Down 11.7 %

NASDAQ:ARBB opened at $0.69 on Thursday. ARB IOT Group has a 1 year low of $0.21 and a 1 year high of $4.55. The business has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.52.

About ARB IOT Group

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.