Reebonz Holding Ltd (NASDAQ:RBZ) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 577,900 shares, a growth of 27.8% from the September 30th total of 452,300 shares. Currently, 12.9% of the company’s shares are sold short. Based on an average trading volume of 578,700 shares, the days-to-cover ratio is currently 1.0 days.
Several institutional investors have recently added to or reduced their stakes in RBZ. Citadel Advisors LLC purchased a new position in Reebonz in the second quarter worth about $51,000. Cowen Inc. purchased a new position in Reebonz in the second quarter worth about $113,000. Finally, Verition Fund Management LLC purchased a new position in Reebonz in the second quarter worth about $665,000. 9.52% of the stock is currently owned by institutional investors.
Shares of Reebonz stock traded up $0.02 during trading on Thursday, hitting $1.12. 481,900 shares of the company’s stock traded hands, compared to its average volume of 1,194,371. Reebonz has a 1 year low of $0.91 and a 1 year high of $83.52. The business has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $3.06.
Reebonz Company Profile
Reebonz Holding Limited operates an online platform for buying and selling a range of luxury products in Southeast Asia and the Asia Pacific markets. It offers a range of new and pre-owned luxury bags, accessories, watches, jewelry, and shoes from designer labels and a curation of merchants through sale events and Reebonz app, as well as iPhone, iPad, and Android platforms.
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