Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 156,500 shares, an increase of 1,465.0% from the June 30th total of 10,000 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily volume of 481,500 shares, the short-interest ratio is currently 0.3 days.

Globavend Stock Performance

GVH opened at $0.61 on Friday. Globavend has a twelve month low of $0.50 and a twelve month high of $5.50. The company has a 50-day moving average price of $1.03 and a 200 day moving average price of $1.12.

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.