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

Lakeside Holding Limited (NASDAQ:LSH) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 110,708 shares, a growth of 19.2% from the March 31st total of 92,897 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 35,103 shares, the short-interest ratio is presently 3.2 days.

Lakeside Stock Down 5.7%

Shares of NASDAQ LSH traded down $0.03 during mid-day trading on Friday, hitting $0.57. The company had a trading volume of 6,241 shares, compared to its average volume of 32,115. The company has a market capitalization of $9.87 million, a PE ratio of -1.35 and a beta of 1.25. The firm has a 50-day simple moving average of $0.74 and a two-hundred day simple moving average of $0.87. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02. Lakeside has a one year low of $0.52 and a one year high of $1.68.

Lakeside (NASDAQ:LSH) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $7.01 million during the quarter. Lakeside had a negative net margin of 21.12% and a negative return on equity of 86.32%.

Hedge Funds Weigh In On Lakeside

A hedge fund recently bought a new stake in Lakeside stock. DRW Securities LLC purchased a new position in shares of Lakeside Holding Limited (NASDAQ:LSH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 38,608 shares of the company’s stock, valued at approximately $34,000. DRW Securities LLC owned 0.22% of Lakeside as of its most recent filing with the Securities & Exchange Commission.

About Lakeside

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.