ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 24,800 shares, a drop of 15.4% from the January 31st total of 29,300 shares. Based on an average daily volume of 108,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.
ARB IOT Group Stock Down 8.1 %
ARBB stock opened at $0.77 on Friday. ARB IOT Group has a 52 week low of $0.21 and a 52 week high of $1.65. The business has a 50-day simple moving average of $0.52 and a 200 day simple moving average of $0.45.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ARB IOT Group stock. Renaissance Technologies LLC purchased a new stake in ARB IOT Group Limited (NASDAQ:ARBB – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 56,900 shares of the company’s stock, valued at approximately $28,000. Renaissance Technologies LLC owned about 0.22% of ARB IOT Group as of its most recent filing with the Securities and Exchange Commission. 14.79% of the stock is owned by institutional investors.
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.
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