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

Lakeside Holding Limited (NASDAQ:LSH) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 10,859 shares, a drop of 75.3% from the January 29th total of 43,986 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,571 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 34,571 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Lakeside Price Performance

Shares of LSH stock traded up $0.09 during trading on Thursday, hitting $0.75. The company had a trading volume of 2,566 shares, compared to its average volume of 39,512. The stock’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.99. The stock has a market capitalization of $13.14 million, a price-to-earnings ratio of -1.80 and a beta of 2.91. The company has a quick ratio of 1.51, a current ratio of 2.03 and a debt-to-equity ratio of 0.02. Lakeside has a 52 week low of $0.52 and a 52 week high of $1.86.

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

Institutional Trading of Lakeside

A hedge fund recently raised its stake in Lakeside stock. Geode Capital Management LLC boosted its position in Lakeside Holding Limited (NASDAQ:LSH) by 352.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,900 shares of the company’s stock after buying an additional 54,445 shares during the quarter. Geode Capital Management LLC owned approximately 0.40% of Lakeside worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Lakeside Company Profile

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.