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

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 52,600 shares, a growth of 5.4% from the December 15th total of 49,900 shares. Based on an average trading volume of 36,100 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the shares of the stock are short sold.

Globavend Trading Up 4.2 %

Shares of GVH traded up $0.03 during trading hours on Monday, hitting $0.71. 2,312 shares of the stock traded hands, compared to its average volume of 25,031. Globavend has a 1-year low of $0.47 and a 1-year high of $2.57. The business has a fifty day moving average of $0.70 and a 200-day moving average of $0.71.

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.