Short Interest in Globavend Holdings Limited (NASDAQ:GVH) Grows By 5.4%

Globavend Holdings Limited (NASDAQ:GVH) saw a significant increase in short interest in 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. Currently, 1.7% of the shares of the stock 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

Shares of GVH opened at $0.71 on Tuesday. Globavend has a one year low of $0.47 and a one year high of $2.57. The business’s 50 day simple moving average is $0.70 and its 200-day simple moving average 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.