ARB IOT Group Limited (NASDAQ:ARBB) Sees Large Decline in Short Interest

ARB IOT Group Limited (NASDAQ:ARBB) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 88,400 shares, a decline of 32.3% from the December 15th total of 130,600 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 8,870,000 shares, the short-interest ratio is presently 0.0 days.

ARB IOT Group Stock Performance

ARBB traded down $0.03 during midday trading on Thursday, reaching $0.53. The company had a trading volume of 37,821 shares, compared to its average volume of 212,376. The business has a 50-day moving average of $0.53 and a two-hundred day moving average of $0.43. ARB IOT Group has a 1 year low of $0.21 and a 1 year 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.