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

Lakeside Holding Limited (NASDAQ:LSH) saw a significant growth in short interest in 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. Based on an average daily volume of 30,748 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

Lakeside Stock Performance

Shares of LSH traded down $0.05 during mid-day trading on Thursday, reaching $0.76. 17,642 shares of the company’s stock traded hands, 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. The business’s 50-day moving average price is $0.79 and its 200-day moving average price is $0.96. The stock has a market capitalization of $13.30 million, a P/E ratio of -1.82 and a beta of 3.15. Lakeside has a 12 month low of $0.52 and a 12 month high of $1.68.

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

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.