Short Interest in Starbox Group Holdings Ltd. (NASDAQ:STBX) Expands By 981.9%

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 544,200 shares, an increase of 981.9% from the January 15th total of 50,300 shares. Based on an average daily volume of 2,240,000 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are short sold.

Starbox Group Price Performance

STBX traded down $0.00 during trading hours on Wednesday, reaching $0.24. 1,334,256 shares of the stock traded hands, compared to its average volume of 5,046,062. The firm’s fifty day simple moving average is $1.21 and its two-hundred day simple moving average is $1.76. Starbox Group has a fifty-two week low of $0.23 and a fifty-two week high of $5.92.

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.