Globavend Holdings Limited (NASDAQ:GVH – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 107,527 shares, a decline of 59.9% from the July 30th total of 268,265 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily trading volume, of 569,618 shares, the short-interest ratio is currently 0.2 days.
Analysts Set New Price Targets
Several research firms have recently issued reports on GVH. Wall Street Zen upgraded Globavend to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globavend in a research note on Monday, August 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
Get Our Latest Research Report on Globavend
Globavend Trading Down 1.0%
Institutional Trading of Globavend
A number of institutional investors and hedge funds have recently bought and sold shares of GVH. Jane Street Group LLC acquired a new position in Globavend during the second quarter valued at approximately $29,000. Sabby Management LLC acquired a new stake in shares of Globavend in the fourth quarter worth $257,000. Finally, Connective Capital Management LLC purchased a new position in shares of Globavend in the 4th quarter valued at $253,000.
Globavend Company Profile
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. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.
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