Globavend Holdings Limited (NASDAQ:GVH) Short Interest Down 17.4% in February

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 162,500 shares, a drop of 17.4% from the February 13th total of 196,800 shares. Based on an average daily trading volume, of 81,000 shares, the short-interest ratio is currently 2.0 days. Currently, 5.0% of the shares of the stock are sold short.

Globavend Stock Performance

GVH traded down $0.00 on Thursday, reaching $0.62. 334 shares of the company’s stock were exchanged, compared to its average volume of 178,067. Globavend has a twelve month low of $0.47 and a twelve month high of $2.57. The stock’s fifty day moving average price is $0.72 and its 200-day moving average price is $0.73.

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.