ARB IOT Group Limited (NASDAQ:ARBB) Sees Significant Growth in Short Interest

ARB IOT Group Limited (NASDAQ:ARBB) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 11,000 shares, an increase of 205.6% from the July 31st total of 3,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 93,600 shares, the short-interest ratio is presently 0.1 days.

ARB IOT Group Price Performance

Shares of NASDAQ ARBB traded down $0.02 during mid-day trading on Thursday, reaching $0.28. 120,723 shares of the company traded hands, compared to its average volume of 229,788. ARB IOT Group has a fifty-two week low of $0.26 and a fifty-two week high of $4.55. The stock has a fifty day simple moving average of $0.44 and a 200-day simple moving average of $0.94.

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.