Globavend Holdings Limited (NASDAQ:GVH) Sees Significant Growth in Short Interest

Globavend Holdings Limited (NASDAQ:GVH) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 195,961 shares, a growth of 10,492.5% from the December 15th total of 1,850 shares. Based on an average daily volume of 1,919,281 shares, the short-interest ratio is currently 0.1 days. Currently, 261.3% of the company’s stock are sold short. Currently, 261.3% of the company’s stock are sold short. Based on an average daily volume of 1,919,281 shares, the short-interest ratio is currently 0.1 days.

Globavend Trading Up 9.4%

Shares of NASDAQ:GVH traded up $0.13 during mid-day trading on Monday, reaching $1.45. The company had a trading volume of 113,288 shares, compared to its average volume of 293,229. Globavend has a one year low of $1.28 and a one year high of $364.00. The company’s 50-day moving average price is $3.39 and its 200-day moving average price is $6.00.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Globavend in a research report on Wednesday, October 8th. Zacks Research lowered Globavend from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.00.

Institutional Investors Weigh In On Globavend

An institutional investor recently bought a new position in Globavend stock. Jane Street Group LLC purchased a new position in Globavend Holdings Limited (NASDAQ:GVH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 249,145 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned 355.92% of Globavend as of its most recent filing with the Securities and Exchange Commission (SEC).

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. 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.