Globavend Holdings Limited (NASDAQ:GVH) Sees Large Growth in Short Interest

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large growth in short interest in 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 trading volume of 36,100 shares, the short-interest ratio is currently 1.5 days. Approximately 1.7% of the shares of the company are sold short.

Globavend Trading Up 9.0 %

Shares of GVH stock opened at $0.80 on Wednesday. Globavend has a 1 year low of $0.47 and a 1 year high of $2.57. The business’s fifty day moving average is $0.70 and its 200-day moving average is $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.