Short Interest in Lakeside Holding Limited (NASDAQ:LSH) Rises By 390.0%

Lakeside Holding Limited (NASDAQ:LSH) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 112,122 shares, an increase of 390.0% from the June 15th total of 22,880 shares. Based on an average daily volume of 248,128 shares, the short-interest ratio is presently 0.5 days. Currently, 0.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Lakeside

An institutional investor 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% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,900 shares of the company’s stock after acquiring 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.

Lakeside Trading Down 0.3%

Shares of NASDAQ LSH traded down $0.00 during mid-day trading on Friday, reaching $0.43. The company had a trading volume of 31,684 shares, compared to its average volume of 147,919. Lakeside has a 52-week low of $0.39 and a 52-week high of $1.68. The stock has a market cap of $6.53 million, a P/E ratio of -1.61 and a beta of 1.63. The firm has a 50 day simple moving average of $0.55 and a two-hundred day simple moving average of $0.71.

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.