ARB Co. Limited (OTCMKTS:ARBFF) Sees Large Increase in Short Interest

ARB Co. Limited (OTCMKTS:ARBFF – Get Rating) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 164,800 shares, a growth of 31.8% from the June 30th total of 125,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 1,648.0 days.

ARB Price Performance

OTCMKTS ARBFF opened at $20.36 on Monday. ARB has a 52 week low of $19.83 and a 52 week high of $20.36. The stock has a fifty day moving average of $28.53 and a 200-day moving average of $34.33.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised ARB from a “neutral” rating to a “buy” rating in a research note on Thursday, May 5th.

ARB Company Profile

(Get Rating)

ARB Corporation Limited designs, manufactures, distributes, and sells motor vehicle accessories and light metal engineering works in Australia, the United States, New Zealand, Thailand, the Middle East, the United Kingdom, and rest of Europe. The company provides bull bars, side rails and side steps, canopies, UTE lids and tub accessories, roof racks and bars, suspension systems, driving lights, air compressors and tire accessories, air lockers, winches, recovery equipment, recovery points, under vehicle protection products, fuel tanks and storage, drawers and cargo solutions, portable fridge freezers, tents, swags and awnings, camping and touring accessories, safari snorkels, dual battery and solar systems, and general accessories, as well as rear protection, towing, and wheel carriers.

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