Globavend Holdings Limited (NASDAQ:GVH) Short Interest Up 5.4% in January

Globavend Holdings Limited (NASDAQ:GVH) saw a significant 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. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 36,100 shares, the days-to-cover ratio is presently 1.5 days.

Globavend Price Performance

Shares of GVH stock opened at $0.73 on Tuesday. Globavend has a 12-month low of $0.47 and a 12-month high of $2.57. The firm has a fifty day moving average of $0.69 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.