Lake Superior Acquisition Corp (NASDAQ:LKSPU) Sees Significant Decline in Short Interest

Lake Superior Acquisition Corp (NASDAQ:LKSPU) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 695 shares, a drop of 36.2% from the April 15th total of 1,089 shares. Based on an average trading volume of 92 shares, the short-interest ratio is currently 7.6 days.

Lake Superior Acquisition Stock Performance

Shares of NASDAQ LKSPU traded up $0.42 during trading hours on Monday, hitting $10.61. 524 shares of the stock were exchanged, compared to its average volume of 4,279. The company’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.19. Lake Superior Acquisition has a 1-year low of $10.00 and a 1-year high of $10.36.

Institutional Trading of Lake Superior Acquisition

Several large investors have recently made changes to their positions in LKSPU. Lineage Point Capital LP acquired a new stake in Lake Superior Acquisition in the fourth quarter valued at approximately $102,000. Schonfeld Strategic Advisors LLC acquired a new stake in Lake Superior Acquisition in the fourth quarter valued at approximately $110,000. Stoic Point Capital Management LLC acquired a new stake in Lake Superior Acquisition in the fourth quarter valued at approximately $161,000. Quarry LP acquired a new stake in Lake Superior Acquisition in the fourth quarter valued at approximately $331,000. Finally, Clear Street Group Inc. acquired a new stake in Lake Superior Acquisition in the fourth quarter valued at approximately $797,000.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.