Short Interest in Starbox Group Holdings Ltd. (NASDAQ:STBX) Grows By 172.0%

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 119,700 shares, a growth of 172.0% from the December 15th total of 44,000 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 226,500 shares, the short-interest ratio is currently 0.5 days.

Starbox Group Stock Performance

Shares of NASDAQ:STBX traded down $0.28 during mid-day trading on Thursday, reaching $1.03. 1,066,485 shares of the company were exchanged, compared to its average volume of 650,109. Starbox Group has a 1 year low of $1.03 and a 1 year high of $6.32. The firm’s 50-day simple moving average is $1.50 and its 200 day simple moving average is $2.07.

About Starbox Group

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.