ARB IOT Group Limited (NASDAQ:ARBB) Stock Short Interest Report for October

ARB IOT Group Limited (NASDAQ:ARBB) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 211 shares, a decline of 89.9% from the October 15th total of 2,080 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 8,242 shares, the short-interest ratio is currently 0.0 days.

ARB IOT Group Price Performance

Shares of ARBB traded down $0.01 on Friday, hitting $3.54. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 17,936. ARB IOT Group has a fifty-two week low of $3.16 and a fifty-two week high of $10.67. The firm’s fifty day moving average price is $4.13 and its 200-day moving average price is $4.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of ARB IOT Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ARB IOT Group presently has a consensus rating of “Reduce”.

ARB IOT Group Company Profile

ARB IOT Group Limited is a technology company focused on Internet of Things (IoT) products and solutions. Through its operating subsidiaries, the company develops and supplies connected devices and technology designed to collect, transmit and analyze data for use by businesses and consumers. The company’s offerings include IoT hardware and related software and services for applications such as smart homes, smart buildings, industrial operations and other connected environments. Its solutions are intended to support automation, monitoring, remote management and data-driven decision-making.