Globavend Holdings Limited (NASDAQ:GVH – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 268,265 shares, an increase of 93.6% from the July 15th total of 138,570 shares. Currently, 17.5% of the company’s shares are short sold. Based on an average daily trading volume, of 3,128,799 shares, the days-to-cover ratio is presently 0.1 days.
Globavend Stock Performance
Shares of Globavend stock remained flat at $1.00 during trading on Friday. 82,594 shares of the stock were exchanged, compared to its average volume of 2,289,026. Globavend has a 1-year low of $0.87 and a 1-year high of $6.46. The firm’s fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $2.63.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on GVH shares. Wall Street Zen upgraded shares of Globavend to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.
Institutional Trading of Globavend
Several large investors have recently added to or reduced their stakes in the business. Sabby Management LLC bought a new stake in Globavend in the fourth quarter worth about $257,000. Connective Capital Management LLC acquired a new position in shares of Globavend in the 4th quarter worth approximately $253,000. Finally, Jane Street Group LLC bought a new stake in shares of Globavend in the 2nd quarter worth approximately $29,000.
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.
Featured Stories
- Five stocks we like better than Globavend
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Globavend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globavend and related companies with MarketBeat.com's FREE daily email newsletter.
