Globavend Holdings Limited (NASDAQ:GVH) Short Interest Up 10,492.5% in December

Globavend Holdings Limited (NASDAQ:GVH) was the recipient of 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 trading volume, of 1,919,281 shares, the days-to-cover ratio is presently 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 trading volume, of 1,919,281 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Globavend stock. Jane Street Group LLC purchased a new position in Globavend Holdings Limited (NASDAQ:GVH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 249,145 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned approximately 355.92% of Globavend as of its most recent filing with the Securities & Exchange Commission.

Globavend Trading Up 9.4%

GVH stock opened at $1.45 on Tuesday. Globavend has a 1 year low of $1.28 and a 1 year high of $364.00. The stock’s fifty day moving average is $3.32 and its two-hundred day moving average is $5.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GVH shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Globavend in a report on Wednesday, October 8th. Zacks Research downgraded 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.00.

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.