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

Globavend Holdings Limited (NASDAQ:GVH) saw a significant growth in short interest in 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 daily volume of 87,600 shares, the short-interest ratio is currently 2.6 days. Currently, 7.2% of the company’s stock are sold short.

Globavend Trading Up 4.7 %

NASDAQ:GVH traded up $0.03 on Thursday, hitting $0.72. The stock had a trading volume of 125,588 shares, compared to its average volume of 146,805. The firm’s fifty day simple moving average is $0.70 and its two-hundred day simple moving average is $0.71. Globavend has a 1 year low of $0.47 and a 1 year high of $2.57.

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.