Starbox Group Holdings Ltd. (NASDAQ:STBX) Short Interest Up 722.9% in March

Starbox Group Holdings Ltd. (NASDAQ:STBX) was the recipient of a large increase in short interest in 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. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.4% of the company’s stock are sold short.

Starbox Group Trading Up 9.2 %

Shares of STBX traded up $0.01 during mid-day trading on Monday, reaching $0.14. 915,005 shares of the stock traded hands, compared to its average volume of 311,140. Starbox Group has a 12-month low of $0.12 and a 12-month high of $39.04. The stock has a fifty day simple moving average of $1.02 and a 200 day simple moving average of $10.18.

Starbox Group shares are going to reverse split on the morning of 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 market closes 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.