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

Globavend Holdings Limited (NASDAQ:GVH) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 52,600 shares, an increase of 5.4% from the December 15th total of 49,900 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 36,100 shares, the short-interest ratio is currently 1.5 days.

Globavend Stock Performance

GVH traded up $0.03 during midday trading on Monday, reaching $0.71. 2,312 shares of the company’s stock were exchanged, compared to its average volume of 25,031. The business’s 50-day moving average price is $0.70 and its 200 day moving average price is $0.71. Globavend has a 1-year low of $0.47 and a 1-year high of $2.57.

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.