Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 45,600 shares, a growth of 135.1% from the October 15th total of 19,400 shares. Based on an average trading volume of 39,900 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.4% of the shares of the company are sold short.

Globavend Stock Performance

Shares of GVH traded down $0.03 during mid-day trading on Friday, reaching $0.72. 11,541 shares of the company’s stock were exchanged, compared to its average volume of 182,578. The business’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $0.88. 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.