Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 227,400 shares, an increase of 363.1% from the January 15th total of 49,100 shares. Based on an average daily trading volume, of 87,600 shares, the short-interest ratio is currently 2.6 days. Currently, 7.2% of the company’s shares are sold short.

Globavend Trading Down 2.6 %

Shares of GVH traded down $0.02 during trading hours on Wednesday, hitting $0.74. 2,062 shares of the stock were exchanged, compared to its average volume of 145,752. Globavend has a fifty-two week low of $0.47 and a fifty-two week high of $2.57. The business has a 50-day moving average of $0.70 and a 200-day moving average 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.