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 trading volume of 33,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.8% of the company’s stock are short sold.

Globavend Price Performance

Shares of GVH stock opened at $0.70 on Friday. Globavend has a 12 month low of $0.47 and a 12 month high of $2.57. The company’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $0.78.

Globavend Company Profile

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.