Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 11,149 shares, a drop of 60.3% from the January 29th total of 28,103 shares. Based on an average trading volume of 50,439 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 50,439 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of Globavend in the 2nd quarter worth about $29,000. Sabby Management LLC purchased a new position in shares of Globavend during the fourth quarter valued at about $257,000. Finally, Connective Capital Management LLC bought a new position in Globavend in the fourth quarter worth about $253,000.

Globavend Price Performance

Shares of GVH stock traded up $0.01 during trading hours on Friday, reaching $1.19. The company’s stock had a trading volume of 64,851 shares, compared to its average volume of 3,657,881. Globavend has a one year low of $0.88 and a one year high of $364.00. The firm’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $3.49.

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. 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.