ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Down 32.3% in December

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

ARB IOT Group Price Performance

ARBB traded down $0.03 during midday trading on Thursday, hitting $0.53. 37,821 shares of the company traded hands, compared to its average volume of 212,376. The company’s 50-day moving average is $0.53 and its 200 day moving average is $0.43. ARB IOT Group has a 52 week low of $0.21 and a 52 week 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.