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

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

Starbox Group Stock Up 18.3 %

Shares of STBX stock traded up $0.07 during trading hours on Wednesday, reaching $0.48. The company had a trading volume of 1,626,013 shares, compared to its average volume of 4,039,885. Starbox Group has a 12 month low of $0.38 and a 12 month high of $6.32. The business has a fifty day simple moving average of $1.38 and a 200-day simple moving average of $1.93.

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.