Globavend Holdings Limited (NASDAQ:GVH) Short Interest Down 13.5% in February

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 196,800 shares, a decrease of 13.5% from the January 31st total of 227,400 shares. Based on an average daily volume of 92,000 shares, the short-interest ratio is presently 2.1 days. Approximately 6.1% of the shares of the company are sold short.

Globavend Stock Performance

GVH stock opened at $0.70 on Thursday. Globavend has a one year low of $0.47 and a one year high of $2.57. The company has a fifty day moving average of $0.71 and a 200-day moving average of $0.73.

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.