Short Interest in Lakeland Industries, Inc. (NASDAQ:LAKE) Rises By 42.0%

Lakeland Industries, Inc. (NASDAQ:LAKE) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 66,600 shares, an increase of 42.0% from the May 30th total of 46,900 shares. Based on an average trading volume of 12,300 shares, the days-to-cover ratio is currently 5.4 days. Approximately 0.9% of the shares of the stock are short sold.

Several research firms have recently issued reports on LAKE. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th.

Shares of LAKE stock traded down $0.06 during mid-day trading on Friday, hitting $11.05. 37,947 shares of the stock were exchanged, compared to its average volume of 7,590. The stock’s fifty day moving average price is $11.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01. Lakeland Industries has a 52-week low of $9.90 and a 52-week high of $14.44. The company has a market capitalization of $88.51 million, a P/E ratio of 26.95 and a beta of 0.63.



Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. The firm had revenue of $24.68 million for the quarter, compared to analysts’ expectations of $25.32 million. On average, equities research analysts anticipate that Lakeland Industries will post 0.15 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAKE. Private Capital Management LLC raised its position in shares of Lakeland Industries by 28.4% during the 1st quarter. Private Capital Management LLC now owns 713,265 shares of the medical instruments supplier’s stock worth $8,374,000 after purchasing an additional 157,625 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Lakeland Industries during the 1st quarter worth about $1,723,000. Parthenon LLC raised its position in shares of Lakeland Industries by 103.9% during the 1st quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock worth $1,004,000 after purchasing an additional 43,596 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Lakeland Industries during the 4th quarter worth about $306,000. Finally, Granite Investment Partners LLC raised its position in shares of Lakeland Industries by 88.6% during the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock worth $597,000 after purchasing an additional 23,894 shares during the last quarter. Hedge funds and other institutional investors own 61.17% of the company’s stock.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

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