Short Interest in Lakeside Holding Limited (NASDAQ:LSH) Decreases By 64.8%

Lakeside Holding Limited (NASDAQ:LSH) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 22,880 shares, a decrease 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 trading volume, of 91,691 shares, the short-interest ratio is currently 0.2 days.

Lakeside Stock Down 2.6%

Shares of LSH traded down $0.01 during mid-day trading on Monday, reaching $0.47. The company’s stock had a trading volume of 65,778 shares, compared to its average volume of 172,325. The company has a market cap of $8.16 million, a price-to-earnings ratio of -1.73 and a beta of 1.41. The business has a fifty day moving average of $0.60 and a 200 day moving average of $0.72. Lakeside has a 1 year low of $0.39 and a 1 year high of $1.68.

Hedge Funds Weigh In On Lakeside

An institutional investor 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 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 38,608 shares of the company’s stock, valued at approximately $34,000. DRW Securities LLC owned approximately 0.22% of Lakeside as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

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

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.