Globavend Holdings Limited (NASDAQ:GVH) Short Interest Update

Globavend Holdings Limited (NASDAQ:GVH) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,850 shares, a drop of 56.6% from the November 30th total of 4,267 shares. Based on an average trading volume of 21,894 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.6% of the shares of the company are short sold. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 21,894 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on GVH. Wall Street Zen downgraded shares of Globavend from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Globavend in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Globavend from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Globavend currently has a consensus rating of “Hold” and a consensus price target of $80.00.

Globavend Price Performance

NASDAQ:GVH traded down $0.30 during mid-day trading on Friday, hitting $2.60. 58,176 shares of the stock traded hands, compared to its average volume of 51,197. The business’s 50-day moving average price is $4.15 and its 200 day moving average price is $27.08. Globavend has a 12-month low of $2.49 and a 12-month high of $364.00.

Institutional Investors Weigh In On Globavend

An institutional investor recently bought a new position in Globavend stock. Jane Street Group LLC acquired a new stake in shares of Globavend Holdings Limited (NASDAQ:GVH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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).

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.