Short Interest in Globavend Holdings Limited (NASDAQ:GVH) Decreases By 93.0%

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 3,200 shares, a drop of 93.0% from the October 31st total of 45,600 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 38,400 shares, the days-to-cover ratio is currently 0.1 days.

Globavend Price Performance

Shares of GVH traded down $0.01 during midday trading on Wednesday, hitting $0.69. The company had a trading volume of 7,881 shares, compared to its average volume of 179,558. The company’s 50 day moving average price is $0.78 and its 200 day moving average price is $0.84. Globavend has a 52 week low of $0.47 and a 52 week 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.