Lakeland Industries

LAKE

Lakeland Industries Inc. (NASDAQ: LAKE) is an international protective clothing provider. Its key products include disposable protective clothing, chemical protective suits, fire fighting and heat protective apparel, etc. Its customers are mainly industrial companies and governments from 40 foreign countries including China, European Community, Canada and the United States. The company was founded in 1982 and is based in Decatur, Alabama. Lakeland has served companies from over 16 industries. Additionally, it is a vendor to federal, state and local governments, such as the United States Department of Defense, United States Department of Homeland Security and the Centers for Disease Control.The company sells its products through a network of over 1,200 North American safety products distributors. Apart from disposable protective clothing, its products also include reusable woven garments, high visibility clothing, glove and sleeves. The competitors of the company include S&P 500 companies such as DuPont, Kimberly Clark and Honeywell.It was founded by Raymond J Smith in 1982 and its former Chief Executive Officer; Christopher J. Ryan, now Executive Chairman of the Board.

Lakeland Industries has been a target of short sellers for a while. The current short interest of 12.12% is roughly at the average of the last 12 months (13.86%).