ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 24,800 shares, a drop of 15.4% from the January 31st total of 29,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 108,800 shares, the days-to-cover ratio is presently 0.2 days.
ARB IOT Group Price Performance
ARB IOT Group stock opened at $0.77 on Friday. The company’s 50-day moving average price is $0.52 and its two-hundred day moving average price is $0.45. ARB IOT Group has a twelve month low of $0.21 and a twelve month high of $1.65.
Institutional Trading of ARB IOT Group
A hedge fund recently raised its stake in ARB IOT Group stock. Citadel Advisors LLC increased its holdings in shares of ARB IOT Group Limited (NASDAQ:ARBB – Free Report) by 120.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,831 shares of the company’s stock after acquiring an additional 39,744 shares during the quarter. Citadel Advisors LLC owned about 0.28% of ARB IOT Group worth $36,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 14.79% of the company’s stock.
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.
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