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

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

Starbox Group Stock Performance

Shares of Starbox Group stock traded down $0.28 on Thursday, hitting $1.03. 1,066,485 shares of the company’s stock traded hands, compared to its average volume of 650,109. Starbox Group has a one year low of $1.03 and a one year high of $6.32. The firm’s 50-day moving average price is $1.51 and its two-hundred day moving average price is $2.08.

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.