ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 29,300 shares, an increase of 91.5% from the January 15th total of 15,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 3,770,000 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On ARB IOT Group
A hedge fund recently bought a new stake in ARB IOT Group stock. Renaissance Technologies LLC purchased a new position in shares of ARB IOT Group Limited (NASDAQ:ARBB – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. 14.79% of the stock is currently owned by hedge funds and other institutional investors.
ARB IOT Group Stock Down 0.2 %
Shares of ARBB stock opened at $0.46 on Friday. The firm’s 50 day moving average price is $0.50 and its two-hundred day moving average price is $0.43. ARB IOT Group has a 52-week low of $0.21 and a 52-week high of $2.80.
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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