ARB IOT Group Limited (NASDAQ:ARBB) Short Interest Up 11.2% in March

ARB IOT Group Limited (NASDAQ:ARBB) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 34,700 shares, an increase of 11.2% from the March 15th total of 31,200 shares. Based on an average trading volume of 409,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

ARB IOT Group Stock Performance

Shares of ARB IOT Group stock opened at $1.10 on Monday. The business has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.37. ARB IOT Group has a 1 year low of $0.70 and a 1 year high of $5.40.

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.