Globavend Holdings Limited (NASDAQ:GVH) Short Interest Down 13.5% in February

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 196,800 shares, a drop of 13.5% from the January 31st total of 227,400 shares. Currently, 6.1% of the shares of the stock are short sold. Based on an average daily volume of 92,000 shares, the days-to-cover ratio is presently 2.1 days.

Globavend Stock Performance

NASDAQ:GVH opened at $0.70 on Thursday. The firm has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.73. Globavend has a twelve month low of $0.47 and a twelve month high of $2.57.

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.