Globavend Holdings Limited (NASDAQ:GVH) Sees Large Growth in Short Interest

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 26,700 shares, an increase of 734.4% from the November 15th total of 3,200 shares. Based on an average daily trading volume, of 33,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.8% of the company’s stock are short sold.

Globavend Stock Performance

GVH stock traded up $0.01 during trading hours on Wednesday, hitting $0.76. The company’s stock had a trading volume of 8,805 shares, compared to its average volume of 173,921. The stock has a 50 day moving average price of $0.75 and a two-hundred day moving average price of $0.79. Globavend has a 12 month low of $0.47 and a 12 month high of $2.57.

About Globavend

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery.