Lakeside Holding Limited (NASDAQ:LSH) Sees Large Decrease in Short Interest

Lakeside Holding Limited (NASDAQ:LSHGet Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 22,880 shares, a drop of 64.8% from the May 31st total of 64,986 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 91,691 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lakeside in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lakeside presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Lakeside

Institutional Investors Weigh In On Lakeside

A hedge fund recently bought a new stake in Lakeside stock. DRW Securities LLC bought a new position in Lakeside Holding Limited (NASDAQ:LSHFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,608 shares of the company’s stock, valued at approximately $34,000. DRW Securities LLC owned about 0.22% of Lakeside at the end of the most recent quarter.

Lakeside Stock Performance

Lakeside stock traded up $0.04 on Friday, reaching $0.48. The company’s stock had a trading volume of 43,868 shares, compared to its average volume of 197,900. The company has a market cap of $8.38 million, a price-to-earnings ratio of -1.78 and a beta of 1.41. The business’s fifty day moving average price is $0.60 and its 200 day moving average price is $0.73. Lakeside has a twelve month low of $0.39 and a twelve month high of $1.68.

Lakeside Company Profile

(Get Free Report)

Lakeside Holding Limited, through its subsidiaries, provides integrated cross-border supply chain solution in the United States, China, South Korea, and internationally. It offers a range of integrated services under cross-border ocean freight solutions and cross-border airfreight solutions, including cross-border freight consolidation and forwarding services, customs clearance services, warehousing and distribution services, and U.S. domestic ground transportation services. The company customers include logistics service companies serving e-commerce platforms, social commerce platforms, and manufacturers to sell and transport consumer and industrial goods.

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