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

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 52,600 shares, a growth of 5.4% from the December 31st total of 49,900 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is currently 1.5 days. Approximately 1.7% of the company’s shares are sold short.

Globavend Stock Performance

Shares of NASDAQ GVH opened at $0.73 on Tuesday. Globavend has a 52-week low of $0.47 and a 52-week high of $2.57. The company’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.71.

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.