Starbox Group Holdings Ltd. (NASDAQ:STBX) Short Interest Up 172.0% in December

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the target of a significant growth in short interest in 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. Based on an average daily volume of 226,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Starbox Group Trading Down 21.2 %

Shares of NASDAQ STBX traded down $0.28 during midday trading on Thursday, hitting $1.03. The company’s stock had a trading volume of 1,066,485 shares, 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 business’s fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $2.07.

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.