Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 100,600 shares, a decline of 33.4% from the March 15th total of 151,000 shares. Based on an average trading volume of 116,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.9% of the company’s stock are sold short.

Globavend Trading Down 4.2 %

GVH traded down $0.02 on Thursday, reaching $0.51. The company’s stock had a trading volume of 2,980 shares, compared to its average volume of 175,105. The business’s 50 day moving average is $0.64 and its 200 day moving average is $0.70. 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.