Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 138,570 shares, an increase of 252.9% from the June 30th total of 39,262 shares. Currently, 9.1% of the company’s stock are short sold. Based on an average daily trading volume, of 473,875 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GVH. Weiss Ratings raised Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded Globavend to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Globavend currently has an average rating of “Reduce”.

Globavend Trading Up 2.4%

Shares of NASDAQ:GVH traded up $0.02 during trading on Tuesday, reaching $0.98. The company had a trading volume of 121,157 shares, compared to its average volume of 1,233,008. Globavend has a twelve month low of $0.87 and a twelve month high of $6.55. The firm’s fifty day moving average is $3.91 and its 200 day moving average is $2.67.

Institutional Investors Weigh In On Globavend

Several institutional investors and hedge funds have recently added to or reduced their stakes in GVH. Connective Capital Management LLC acquired a new position in Globavend during the fourth quarter valued at approximately $253,000. Sabby Management LLC bought a new stake in shares of Globavend during the 4th quarter worth $257,000. Finally, Jane Street Group LLC bought a new stake in shares of Globavend during the 2nd quarter worth $29,000.

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. It serves e-commerce merchants and operators of e-commerce platforms. The company was founded in 2016 and is based in Perth, Australia. Globavend Holdings Limited is subsidiary of Globavend Investments Limited.