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

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

Institutional Investors Weigh In On Lakeside

A hedge fund recently bought a new stake in Lakeside stock. DRW Securities LLC purchased a new position in Lakeside Holding Limited (NASDAQ:LSH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 SEC filing.

Lakeside Trading Up 14.2%

Lakeside stock traded up $0.09 during mid-day trading on Thursday, hitting $0.75. The company’s stock had a trading volume of 2,566 shares, compared to its average volume of 39,512. The business has a 50 day moving average price of $0.82 and a 200-day moving average price of $0.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.03 and a quick ratio of 1.51. Lakeside has a 12 month low of $0.52 and a 12 month high of $1.86. The stock has a market cap of $13.14 million, a price-to-earnings ratio of -1.80 and a beta of 2.91.

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

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.