Short Interest in Starbox Group Holdings Ltd. (NASDAQ:STBX) Expands By 223.5%

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 44,000 shares, an increase of 223.5% from the November 30th total of 13,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 158,500 shares, the days-to-cover ratio is currently 0.3 days.

Starbox Group Stock Performance

STBX stock traded down $0.08 during trading on Friday, hitting $1.85. The company had a trading volume of 237,733 shares, compared to its average volume of 50,058. The business has a 50 day moving average of $1.58 and a 200 day moving average of $2.20. Starbox Group has a fifty-two week low of $1.05 and a fifty-two week high of $6.32.

Starbox Group Company Profile

Starbox Group Holdings Ltd., through its subsidiaries, engages in the provision of cash rebate and digital advertising services to retail merchant advertisers through websites and mobile apps in Malaysia. It connects retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate programs offered by retail merchants.