ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 353,600 shares, a drop of 17.9% from the March 15th total of 430,700 shares. Based on an average daily volume of 3,540,000 shares, the short-interest ratio is currently 0.1 days. Currently, 2.4% of the shares of the stock are sold short.
ARB IOT Group Trading Up 6.0 %
NASDAQ ARBB opened at $0.76 on Friday. ARB IOT Group has a 12 month low of $0.21 and a 12 month high of $1.30. The company’s 50 day simple moving average is $0.65 and its 200 day simple moving average is $0.55.
Institutional Investors Weigh In On ARB IOT Group
An institutional investor recently raised its position in ARB IOT Group stock. Citadel Advisors LLC increased its stake in ARB IOT Group Limited (NASDAQ:ARBB – Free Report) by 120.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,831 shares of the company’s stock after purchasing an additional 39,744 shares during the quarter. Citadel Advisors LLC owned approximately 0.28% of ARB IOT Group worth $36,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 14.79% of the company’s stock.
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.
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