ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 856,700 shares, a growth of 3,354.4% from the February 13th total of 24,800 shares. Approximately 5.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of ARB IOT Group
An institutional investor recently bought a new position in ARB IOT Group stock. Renaissance Technologies LLC acquired a new position in shares of ARB IOT Group Limited (NASDAQ:ARBB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 56,900 shares of the company’s stock, valued at approximately $28,000. Renaissance Technologies LLC owned about 0.22% of ARB IOT Group as of its most recent filing with the SEC. Institutional investors own 14.79% of the company’s stock.
ARB IOT Group Price Performance
ARB IOT Group stock opened at $0.73 on Friday. ARB IOT Group has a fifty-two week low of $0.21 and a fifty-two week high of $1.53. The stock has a 50-day simple moving average of $0.56 and a 200-day simple moving average of $0.47.
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.
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