Short Interest in ARB IOT Group Limited (NASDAQ:ARBB) Declines By 80.5%

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 10,600 shares, a decrease of 80.5% from the June 15th total of 54,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 80,500 shares, the short-interest ratio is presently 0.1 days.

ARB IOT Group Price Performance

Shares of NASDAQ ARBB opened at $0.53 on Friday. The stock has a 50 day moving average price of $0.72 and a 200 day moving average price of $1.20. ARB IOT Group has a 52 week low of $0.44 and a 52 week high of $4.80.

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.