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

Globavend Holdings Limited (NASDAQ:GVH) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 227,400 shares, a growth of 363.1% from the January 15th total of 49,100 shares. Approximately 7.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,600 shares, the days-to-cover ratio is presently 2.6 days.

Globavend Stock Down 2.6 %

GVH traded down $0.02 during trading on Wednesday, hitting $0.74. 2,062 shares of the stock traded hands, compared to its average volume of 145,752. Globavend has a twelve month low of $0.47 and a twelve month high of $2.57. The business has a 50 day moving average price of $0.70 and a 200 day moving average price of $0.71.

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.