Starbox Group Holdings Ltd. (NASDAQ:STBX – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 88,000 shares, a growth of 76.4% from the February 29th total of 49,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 321,200 shares, the short-interest ratio is presently 0.3 days.
Starbox Group Trading Up 2.0 %
STBX traded up $0.00 during trading on Thursday, hitting $0.25. 85,541 shares of the company’s stock traded hands, compared to its average volume of 257,305. Starbox Group has a 12-month low of $0.10 and a 12-month high of $4.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.34 and a current ratio of 8.34. The company’s 50 day simple moving average is $0.28 and its two-hundred day simple moving average is $0.47.
Institutional Investors Weigh In On Starbox Group
Large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in shares of Starbox Group during the 3rd quarter worth about $33,000. XTX Topco Ltd purchased a new stake in Starbox Group during the first quarter valued at about $59,000. Bank of America Corp DE grew its holdings in shares of Starbox Group by 15,907.7% during the 1st quarter. Bank of America Corp DE now owns 16,648 shares of the company’s stock valued at $59,000 after acquiring an additional 16,544 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Starbox Group in the first quarter worth about $63,000. Finally, Jane Street Group LLC bought a new stake in shares of Starbox Group in the third quarter valued at approximately $138,000. 21.97% of the stock is currently owned by hedge funds and other institutional investors.
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.
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