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

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

Lakeside Trading Down 0.3%

NASDAQ:LSH traded down $0.00 on Friday, reaching $0.43. The stock had a trading volume of 31,684 shares, compared to its average volume of 147,919. Lakeside has a 12-month low of $0.39 and a 12-month 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 company has a 50-day moving average of $0.55 and a 200 day moving average of $0.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Lakeside

An institutional investor recently bought a new position in Lakeside stock. DRW Securities LLC purchased a new position in Lakeside Holding Limited (NASDAQ:LSH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 38,608 shares of the company’s stock, valued at approximately $34,000. DRW Securities LLC owned about 0.22% of Lakeside as of its most recent filing with the Securities and Exchange Commission.

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.