Short Interest in Globavend Holdings Limited (NASDAQ:GVH) Drops By 37.6%

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 62,800 shares, a drop of 37.6% from the March 31st total of 100,600 shares. Based on an average daily trading volume, of 114,400 shares, the short-interest ratio is currently 0.5 days. Currently, 1.8% of the company’s stock are sold short.

Globavend Stock Performance

Shares of GVH stock opened at $0.49 on Tuesday. The company’s 50 day moving average price is $0.60 and its two-hundred day moving average price is $0.68. Globavend has a 52 week low of $0.47 and a 52 week high of $2.57.

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.