Short Interest in Starbox Group Holdings Ltd. (NASDAQ:STBX) Declines By 67.0%

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 179,800 shares, a decrease of 67.0% from the January 31st total of 544,200 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is presently 0.1 days.

Starbox Group Price Performance

Shares of NASDAQ:STBX opened at $0.18 on Friday. The business’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $1.58. Starbox Group has a 1 year low of $0.17 and a 1 year high of $5.28.

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.