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

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

ARB IOT Group Stock Performance

Shares of ARB IOT Group stock traded down $0.03 on Tuesday, hitting $0.71. 207,268 shares of the company’s stock traded hands, compared to its average volume of 2,782,292. ARB IOT Group has a one year low of $0.21 and a one year high of $4.55. The firm’s 50-day moving average price is $0.37 and its two-hundred day moving average price is $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.