Globavend Holdings Limited (NASDAQ:GVH) Sees Large Decline in Short Interest

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 17,400 shares, a drop of 88.4% from the May 31st total of 149,600 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 397,500 shares, the short-interest ratio is presently 0.0 days.

Globavend Stock Performance

Shares of Globavend stock traded up $0.02 during trading on Friday, hitting $0.88. The company’s stock had a trading volume of 2,956 shares, compared to its average volume of 64,719. Globavend has a 52 week low of $0.79 and a 52 week high of $5.50. The stock has a 50-day moving average price of $1.21 and a two-hundred day moving average price of $1.18.

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.