Short Interest in Starbox Group Holdings Ltd. (NASDAQ:STBX) Grows By 722.9%

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 28,800 shares, an increase of 722.9% from the March 15th total of 3,500 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is currently 0.0 days.

Starbox Group Stock Up 9.2 %

STBX traded up $0.01 on Monday, hitting $0.14. 915,005 shares of the company traded hands, compared to its average volume of 311,140. The company has a 50 day moving average of $1.02 and a 200-day moving average of $10.18. Starbox Group has a 12-month low of $0.12 and a 12-month high of $39.04.

Shares of Starbox Group are set to reverse split before the market opens on Tuesday, April 15th. The 1-14 reverse split was announced on Thursday, April 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 14th.

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.