Globavend Holdings Limited (NASDAQ:GVH) Short Interest Down 55.2% in January

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 28,103 shares, a decline of 55.2% from the January 15th total of 62,683 shares. Based on an average daily volume of 98,789 shares, the short-interest ratio is currently 0.3 days. Currently, 40.1% of the shares of the company are short sold. Currently, 40.1% of the shares of the company are short sold. Based on an average daily volume of 98,789 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Globavend stock. Jane Street Group LLC purchased a new position in shares of Globavend Holdings Limited (NASDAQ:GVH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 249,145 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned approximately 355.92% of Globavend as of its most recent filing with the Securities and Exchange Commission (SEC).

Globavend Trading Up 1.9%

NASDAQ GVH traded up $0.02 during trading hours on Friday, hitting $0.92. 25,592 shares of the stock were exchanged, compared to its average volume of 136,185. Globavend has a 12-month low of $0.88 and a 12-month high of $364.00. The stock has a 50-day moving average of $1.98 and a 200 day moving average of $3.84.

Analyst Ratings Changes

GVH has been the subject of a number of recent research reports. Zacks Research upgraded shares of Globavend from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Globavend in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Globavend has an average rating of “Hold” and a consensus target price of $80.00.

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. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.