Globavend Holdings Limited (NASDAQ:GVH) Short Interest Up 734.4% in November

Globavend Holdings Limited (NASDAQ:GVH) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 26,700 shares, a growth of 734.4% from the November 15th total of 3,200 shares. Based on an average daily volume of 33,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.8% of the shares of the stock are short sold.

Globavend Price Performance

GVH stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.76. 8,805 shares of the stock traded hands, compared to its average volume of 173,921. Globavend has a 52-week low of $0.47 and a 52-week high of $2.57. The stock’s fifty day moving average is $0.75 and its 200-day moving average is $0.79.

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.