ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Up 41,735.7% in October

ARB IOT Group Limited (NASDAQ:ARBB) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 585,700 shares, an increase of 41,735.7% from the October 15th total of 1,400 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 8,840,000 shares, the days-to-cover ratio is presently 0.1 days.

ARB IOT Group Trading Up 5.1 %

Shares of ARBB stock opened at $0.78 on Wednesday. ARB IOT Group has a twelve month low of $0.21 and a twelve month high of $4.55. The stock has a 50 day moving average of $0.37 and a 200 day moving average of $0.52.

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.