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

Lakeside Holding Limited (NASDAQ:LSH) saw a large drop in short interest in 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. Approximately 0.1% of the shares of the company are short sold. 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. Approximately 0.1% of the shares of the company are short sold.

Lakeside Stock Performance

Shares of LSH stock traded down $0.00 on Friday, hitting $0.64. 13,487 shares of the stock traded hands, compared to its average volume of 26,656. The company’s fifty day moving average is $0.82 and its 200 day moving average is $0.98. Lakeside has a 1-year low of $0.52 and a 1-year high of $1.85. The company has a market capitalization of $11.22 million, a PE ratio of -1.53 and a beta of 2.91. 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 (NASDAQ:LSH) last released its earnings results on Thursday, February 19th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $7.01 million for the quarter. Lakeside had a negative net margin of 21.12% and a negative return on equity of 86.32%.

Institutional Inflows and Outflows

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