ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 430,700 shares, a decrease of 49.7% from the February 28th total of 856,700 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 3,390,000 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of ARB IOT Group
An institutional investor recently raised its position in ARB IOT Group stock. Citadel Advisors LLC increased its position in ARB IOT Group Limited (NASDAQ:ARBB – Free Report) by 120.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,831 shares of the company’s stock after acquiring an additional 39,744 shares during the quarter. Citadel Advisors LLC owned about 0.28% of ARB IOT Group worth $36,000 at the end of the most recent quarter. 14.79% of the stock is currently owned by institutional investors.
ARB IOT Group Price Performance
Shares of ARBB stock opened at $0.70 on Friday. The stock’s 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.49. ARB IOT Group has a twelve month low of $0.21 and a twelve month high of $1.49.
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.
Recommended Stories
- Five stocks we like better than ARB IOT Group
- What Are Growth Stocks and Investing in Them
- Home Depot Stock: Is Magic Apron a Gimmick or a Game Changer?
- Stock Market Upgrades: What Are They?
- Target Drops to COVID Lows: Buy the Dip or Cut Losses?
- Comparing and Trading High PE Ratio Stocks
- Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell
Receive News & Ratings for ARB IOT Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARB IOT Group and related companies with MarketBeat.com's FREE daily email newsletter.
