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

Lakeside Holding Limited (NASDAQ:LSH) was the recipient of a large decrease in short interest during the month of 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. Based on an average daily volume of 91,691 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Lakeside Stock Down 7.3%

Shares of Lakeside stock traded down $0.03 during midday trading on Tuesday, hitting $0.43. The company had a trading volume of 49,566 shares, compared to its average volume of 71,179. The stock has a market cap of $7.56 million, a price-to-earnings ratio of -1.61 and a beta of 1.41. The company has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.72. Lakeside has a 12-month low of $0.39 and a 12-month high of $1.68.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Lakeside stock. Geode Capital Management LLC lifted its stake in shares of Lakeside Holding Limited (NASDAQ:LSH) by 352.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.40% of Lakeside worth $62,000 at the end of the most recent quarter.

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.