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 31st, there was short interest totalling 227,400 shares, a growth of 363.1% from the January 15th total of 49,100 shares. Based on an average trading volume of 87,600 shares, the days-to-cover ratio is presently 2.6 days. Currently, 7.2% of the shares of the company are sold short.

Globavend Trading Up 4.7 %

Globavend stock traded up $0.03 during midday trading on Thursday, reaching $0.72. The stock had a trading volume of 125,588 shares, compared to its average volume of 146,805. Globavend has a 12 month low of $0.47 and a 12 month high of $2.57. The firm’s 50-day moving average price is $0.70 and its 200 day moving average price is $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.