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

Lakeside Holding Limited (NASDAQ:LSHGet Free Report) was the target of a significant 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 short-interest ratio is presently 0.2 days.

Lakeside Stock Performance

NASDAQ:LSH traded up $0.04 on Friday, hitting $0.48. 43,868 shares of the stock were exchanged, compared to its average volume of 197,900. Lakeside has a 52 week low of $0.39 and a 52 week high of $1.68. The stock has a market capitalization of $8.38 million, a price-to-earnings ratio of -1.78 and a beta of 1.41. The company’s 50-day moving average price is $0.60 and its 200 day moving average price is $0.73.

Hedge Funds Weigh In On Lakeside

A hedge fund recently bought a new stake in Lakeside stock. DRW Securities LLC bought a new stake in shares of Lakeside Holding Limited (NASDAQ:LSHFree Report) in the 4th quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

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

Read Our Latest Report on Lakeside

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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