ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Down 56.5% in November

ARB IOT Group Limited (NASDAQ:ARBB) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 141,800 shares, a decline of 56.5% from the November 15th total of 325,700 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 8,840,000 shares, the days-to-cover ratio is currently 0.0 days.

ARB IOT Group Price Performance

Shares of ARBB stock opened at $0.48 on Friday. The company’s fifty day simple moving average is $0.49 and its 200-day simple moving average is $0.46. ARB IOT Group has a 12 month low of $0.21 and a 12 month 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.