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

Globavend Holdings Limited (NASDAQ:GVH) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 17,400 shares, a decrease of 88.4% from the May 31st total of 149,600 shares. Based on an average daily trading volume, of 397,500 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.6% of the shares of the stock are sold short.

Globavend Price Performance

NASDAQ:GVH traded up $0.02 during trading hours on Friday, reaching $0.88. The company’s stock had a trading volume of 2,956 shares, compared to its average volume of 64,719. The firm has a 50-day simple moving average of $1.21 and a 200-day simple moving average of $1.18. Globavend has a 1 year low of $0.79 and a 1 year high of $5.50.

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.