Lakeshore Acquisition I Corp (NASDAQ:LAAA) Sees Large Increase in Short Interest

Lakeshore Acquisition I Corp (NASDAQ:LAAA) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 25,800 shares, a growth of 141.1% from the September 15th total of 10,700 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 25,600 shares, the days-to-cover ratio is presently 1.0 days.

NASDAQ:LAAA opened at $9.82 on Thursday. Lakeshore Acquisition I has a 52-week low of $9.58 and a 52-week high of $9.86. The stock’s 50-day moving average price is $9.76.

Lakeshore Acquisition I Company Profile

Lakeshore Acquisition I Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Lakeshore Acquisition I Corp. is based in Shanghai, China.

Further Reading: Why is the price-sales ratio important?

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