ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 27,047 shares, a drop of 41.9% from the May 14th total of 46,557 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 9,694 shares, the short-interest ratio is currently 2.8 days.
ARB IOT Group Stock Performance
ARBB traded up $0.04 during trading on Monday, reaching $5.62. 360 shares of the company’s stock were exchanged, compared to its average volume of 29,018. ARB IOT Group has a 1 year low of $3.71 and a 1 year high of $13.89. The company’s fifty day simple moving average is $4.72 and its 200-day simple moving average is $5.22.
ARB IOT Group (NASDAQ:ARBB – Get Free Report) last posted its earnings results on Friday, May 8th. The company reported ($1.02) earnings per share for the quarter. The firm had revenue of $18.53 million for the quarter.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on ARB IOT Group
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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