Lakeside Holding Limited (NASDAQ:LSH) Short Interest Up 72.7% in December

Lakeside Holding Limited (NASDAQ:LSH) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 52,611 shares, a growth of 72.7% from the December 15th total of 30,464 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 18,786 shares, the days-to-cover ratio is currently 2.8 days. Based on an average trading volume of 18,786 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.4% of the shares of the stock are short sold.

Lakeside Price Performance

Shares of NASDAQ LSH traded up $0.05 on Friday, hitting $0.91. The company’s stock had a trading volume of 6,719 shares, compared to its average volume of 18,284. The stock has a 50 day moving average of $0.87 and a 200-day moving average of $1.00. The company has a market capitalization of $15.86 million, a price-to-earnings ratio of -1.52 and a beta of 2.91. Lakeside has a 12-month low of $0.67 and a 12-month high of $2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.52 and a quick ratio of 1.51.

Lakeside (NASDAQ:LSH) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.09) earnings per share for the quarter. Lakeside had a negative return on equity of 172.78% and a negative net margin of 26.59%.The business had revenue of $6.10 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lakeside in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.