ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Update

ARB IOT Group Limited (NASDAQ:ARBB) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 130,600 shares, a drop of 7.9% from the November 30th total of 141,800 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 8,840,000 shares, the short-interest ratio is currently 0.0 days.

ARB IOT Group Price Performance

Shares of NASDAQ ARBB opened at $0.45 on Tuesday. The firm has a fifty day moving average of $0.52 and a 200-day moving average of $0.43. ARB IOT Group has a 52-week low of $0.21 and a 52-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.