Short Interest in ARB IOT Group Limited (NASDAQ:ARBB) Grows By 205.6%

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

ARB IOT Group Stock Performance

Shares of NASDAQ:ARBB traded up $0.03 during trading on Tuesday, reaching $0.42. The stock had a trading volume of 84,986 shares, compared to its average volume of 214,579. The business has a fifty day moving average price of $0.44 and a 200-day moving average price of $0.95. ARB IOT Group has a fifty-two week low of $0.26 and a fifty-two week high of $4.55.

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.