ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,080 shares, a drop of 61.3% from the September 30th total of 5,380 shares. Based on an average daily trading volume, of 4,988 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of ARB IOT Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 20th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.
Get Our Latest Report on ARB IOT Group
ARB IOT Group Stock Up 6.0%
NASDAQ ARBB traded up $0.21 on Friday, hitting $3.71. 18,045 shares of the company were exchanged, compared to its average volume of 6,562. ARB IOT Group has a 1-year low of $3.50 and a 1-year high of $10.67. The firm has a 50 day moving average of $4.26 and a two-hundred day moving average of $4.67.
ARB IOT Group (NASDAQ:ARBB – Get Free Report) last released its earnings results on Friday, October 30th. The company reported ($4.79) EPS for the quarter. The firm had revenue of $10.28 million during the quarter.
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.
ARB IOT Group is headquartered in Malaysia and has described its business as serving customers in Malaysia and other markets in the region.
Featured Articles
- Five stocks we like better than ARB IOT Group
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
- The Factories Behind AI Servers Just Raised Their Outlooks—3 Contract Manufacturers to Watch
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.
