ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Down 49.7% in March

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 430,700 shares, a decline of 49.7% from the February 28th total of 856,700 shares. Based on an average daily volume of 3,390,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.9% of the company’s stock are short sold.

ARB IOT Group Stock Up 10.0 %

ARBB stock opened at $0.77 on Friday. The business has a 50 day moving average of $0.59 and a 200 day moving average of $0.50. ARB IOT Group has a twelve month low of $0.21 and a twelve month high of $1.46.

Hedge Funds Weigh In On ARB IOT Group

A hedge fund recently bought a new stake in ARB IOT Group stock. Renaissance Technologies LLC acquired a new stake in shares of ARB IOT Group Limited (NASDAQ:ARBB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,900 shares of the company’s stock, valued at approximately $28,000. Renaissance Technologies LLC owned approximately 0.22% of ARB IOT Group as of its most recent filing with the Securities and Exchange Commission. 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.