Starbox Group Holdings Ltd. (NASDAQ:STBX) Sees Large Increase in Short Interest

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 135,400 shares, an increase of 1,087.7% from the October 15th total of 11,400 shares. Based on an average daily trading volume, of 101,300 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the shares of the stock are short sold.

Starbox Group Price Performance

Starbox Group stock traded up $0.06 during trading on Wednesday, reaching $1.84. The company had a trading volume of 409,058 shares, compared to its average volume of 43,085. The stock’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $2.55. Starbox Group has a 12-month low of $1.05 and a 12-month high of $7.20.

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.