Globavend Holdings Limited (NASDAQ:GVH) Short Interest Up 5.4% in December

Globavend Holdings Limited (NASDAQ:GVH) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 52,600 shares, an increase of 5.4% from the December 15th total of 49,900 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is presently 1.5 days.

Globavend Stock Performance

Shares of Globavend stock traded up $0.03 during midday trading on Friday, hitting $0.71. The company’s stock had a trading volume of 2,312 shares, compared to its average volume of 25,031. The stock has a 50-day simple moving average of $0.70 and a 200-day simple moving average of $0.71. Globavend has a 1-year low of $0.47 and a 1-year 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.