Globavend Holdings Limited (NASDAQ:GVH) Sees Significant Increase in Short Interest

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 82,600 shares, a growth of 15.0% from the March 31st total of 71,800 shares. Based on an average daily volume of 75,600 shares, the days-to-cover ratio is currently 1.1 days.

Globavend Stock Performance

Shares of Globavend stock traded up $0.10 on Monday, reaching $1.18. 82,773 shares of the company were exchanged, compared to its average volume of 74,435. The stock’s 50 day moving average is $1.19. Globavend has a 1-year low of $0.79 and a 1-year high of $5.50.

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.