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

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

Globavend Price Performance

NASDAQ GVH opened at $0.61 on Monday. The stock has a fifty day moving average of $0.69 and a 200-day moving average of $0.71. Globavend has a 52 week low of $0.47 and a 52 week 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.