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

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 162,500 shares, a decline of 17.4% from the February 13th total of 196,800 shares. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 2.0 days. Approximately 5.0% of the company’s stock are short sold.

Globavend Stock Performance

Globavend stock traded up $0.00 during midday trading on Tuesday, hitting $0.67. 5,380 shares of the company were exchanged, compared to its average volume of 178,181. The company’s fifty day moving average price is $0.72 and its 200-day moving average price is $0.73. Globavend has a fifty-two week low of $0.47 and a fifty-two week 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.