Globavend Holdings Limited (NASDAQ:GVH – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 138,570 shares, a growth of 252.9% from the June 30th total of 39,262 shares. Based on an average trading volume of 473,875 shares, the days-to-cover ratio is presently 0.3 days. Approximately 9.1% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Weiss Ratings upgraded Globavend from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Globavend to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Globavend has a consensus rating of “Reduce”.
View Our Latest Stock Report on GVH
Globavend Trading Down 4.0%
Institutional Trading of Globavend
A number of institutional investors have recently modified their holdings of GVH. Connective Capital Management LLC bought a new position in shares of Globavend in the fourth quarter worth $253,000. Sabby Management LLC acquired a new position in Globavend in the fourth quarter valued at about $257,000. Finally, Jane Street Group LLC bought a new stake in Globavend during the second quarter worth about $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.
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