Lakeside Holding Limited (NASDAQ:LSH) Short Interest Up 390.0% in June

Lakeside Holding Limited (NASDAQ:LSH) was the recipient of a large increase in short interest in 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 days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Lakeside Stock Performance

Shares of LSH traded down $0.02 during trading hours on Monday, hitting $0.41. The company had a trading volume of 72,756 shares, compared to its average volume of 69,821. The stock has a market capitalization of $6.16 million, a price-to-earnings ratio of -1.52 and a beta of 1.63. The firm has a fifty day moving average price of $0.55 and a 200-day moving average price of $0.70. Lakeside has a 52-week low of $0.39 and a 52-week high of $1.68.

Institutional Trading of Lakeside

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