Lakeland Industries, Inc. (NASDAQ:LAKE) Short Interest Down 37.7% in November

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 124,000 shares, a decline of 37.7% from the November 15th total of 199,100 shares. Currently, 1.8% of the company's shares are short sold. Based on an average daily trading volume, of 42,900 shares, the short-interest ratio is presently 2.9 days.

Lakeland Industries Trading Down 0.7 %

Shares of Lakeland Industries stock traded down $0.16 during mid-day trading on Thursday, hitting $22.83. The stock had a trading volume of 37,658 shares, compared to its average volume of 38,316. The firm has a 50-day moving average of $20.86 and a two-hundred day moving average of $21.67. The firm has a market cap of $168.87 million, a P/E ratio of -253.67 and a beta of 0.63. The company has a quick ratio of 2.00, a current ratio of 4.24 and a debt-to-equity ratio of 0.24. Lakeland Industries has a 12-month low of $14.87 and a 12-month high of $26.10.

Lakeland Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.53%. Lakeland Industries's payout ratio is -133.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Lakeland Industries from a "hold" rating to a "sell" rating in a research note on Tuesday, October 29th.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Advisors LLC purchased a new position in Lakeland Industries during the second quarter worth about $222,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $597,000. Renaissance Technologies LLC boosted its position in shares of Lakeland Industries by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier's stock worth $11,452,000 after purchasing an additional 13,200 shares during the period. High Falls Advisors Inc increased its holdings in Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier's stock valued at $447,000 after purchasing an additional 5,137 shares during the last quarter. Finally, Huntington National Bank purchased a new stake in Lakeland Industries in the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 71.69% of the company's stock.

Lakeland Industries Company Profile

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