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

Globavend Holdings Limited (NASDAQ:GVH) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 45,600 shares, an increase of 135.1% from the October 15th total of 19,400 shares. Based on an average daily trading volume, of 39,900 shares, the short-interest ratio is currently 1.1 days. Approximately 1.4% of the company’s stock are sold short.

Globavend Trading Down 4.2 %

Shares of GVH traded down $0.03 during mid-day trading on Friday, reaching $0.72. The company’s stock had a trading volume of 11,541 shares, compared to its average volume of 182,578. The company’s 50 day moving average is $0.78 and its 200 day moving average is $0.88. Globavend has a 12-month low of $0.47 and a 12-month high of $2.57.

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.