Lakeside Holding Limited (NASDAQ:LSH) Short Interest Up 115.3% in March

Lakeside Holding Limited (NASDAQ:LSH) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 21,247 shares, a growth of 115.3% from the February 26th total of 9,869 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 30,748 shares, the short-interest ratio is currently 0.7 days.

Lakeside Stock Down 6.2%

Shares of Lakeside stock traded down $0.05 during trading on Thursday, reaching $0.76. The company had a trading volume of 17,642 shares, compared to its average volume of 52,167. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.03. Lakeside has a fifty-two week low of $0.52 and a fifty-two week high of $1.68. The firm’s fifty day moving average is $0.79 and its 200-day moving average is $0.96. The company has a market cap of $13.30 million, a price-to-earnings ratio of -1.82 and a beta of 3.15.

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

Institutional Trading of Lakeside

An institutional investor recently bought a new position in Lakeside stock. DRW Securities LLC acquired a new stake in Lakeside Holding Limited (NASDAQ:LSH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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 SEC filing.

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.