ARB IOT Group Limited (NASDAQ:ARBB – Get Free Report) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 211 shares, a drop of 89.9% from the October 15th total of 2,080 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 8,242 shares, the short-interest ratio is presently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered ARB IOT Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, November 3rd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ARB IOT Group has an average rating of “Reduce”.
Read Our Latest Report on ARB IOT Group
ARB IOT Group Stock Performance
NASDAQ:ARBB opened at $3.77 on Wednesday. The stock’s 50 day moving average price is $4.16 and its two-hundred day moving average price is $4.58. ARB IOT Group has a 12-month low of $3.16 and a 12-month high of $10.67.
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.
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