Home Apparel market Lakeland Industries, Inc. (NASDAQ:LAKE) Short Interest Up 49.4% in April

Lakeland Industries, Inc. (NASDAQ:LAKE) Short Interest Up 49.4% in April

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Lakeland Industries, Inc. (NASDAQ:LAKE – Get Rating) was the target of a surge in short-term interest in April. As of April 30, there was short interest totaling 336,100 shares, an increase of 49.4% from the April 15 total of 225,000 shares. Approximately 4.6% of the company’s shares are sold short. Based on an average daily volume of 31,400 shares, the short interest ratio is currently 10.7 days.

Shares of LAKE opened at $16.25 on Friday. The company has a fifty-day moving average of $17.98 and a two-hundred-day moving average of $19.56. Lakeland Industries has a 1-year low of $15.37 and a 1-year high of $27.24. The company has a market capitalization of $123.83 million, a P/E ratio of 11.52 and a beta of 0.24.

LAKE has been the subject of several recent analyst reports. Roth Capital reissued a “buy” rating on Lakeland Industries shares in a report on Wednesday, April 20. Craig Hallum cut his price target on Lakeland Industries shares from $45.00 to $30.00 in a Tuesday, April 19 report. Zacks Investment Research downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a Monday, April 25 report. Finally, StockNews.com downgraded shares of Lakeland Industries from a “buy” rating to a “hold” rating in a Monday, April 18 report.

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Several institutional investors have recently bought and sold shares of LAKE. National Bank of Canada FI bought a new position in shares of Lakeland Industries in Q4 worth approximately $80,000. O Shaughnessy Asset Management LLC raised its position in Lakeland Industries shares by 21.6% in Q3. O Shaughnessy Asset Management LLC now owns 6,905 shares of the medical device supplier worth $145,000 after buying 1,227 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in Lakeland Industries shares by 37.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,874 shares of the medical device supplier worth $190,000 after buying 2,690 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Lakeland Industries shares by 3,407.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 10,417 shares of the medical device supplier worth $226,000 after buying an additional 10,120 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Lakeland Industries in Q1 worth approximately $232,000. Institutional investors hold 89.28% of the company’s shares.

Company Profile Lakeland Industries (Get an evaluation)

Lakeland Industries, Inc. manufactures and sells industrial protective apparel and accessories for the industrial and public protective apparel market worldwide. It offers limited use/disposable protective clothing, such as coveralls, lab coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps and gowns; high-end chemical protective suits providing protection against highly concentrated, toxic and/or deadly chemicals and biological toxins; and fire-fighting and heat-protective clothing to protect against fire.

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