Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 162,500 shares, a decline of 17.4% from the February 13th total of 196,800 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average trading volume of 81,000 shares, the days-to-cover ratio is presently 2.0 days.

Globavend Trading Down 1.1 %

GVH stock traded down $0.01 during midday trading on Wednesday, reaching $0.66. 6,206 shares of the company’s stock traded hands, compared to its average volume of 178,117. The company has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $0.73. 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.