Lake Superior Acquisition Corp (NASDAQ:LKSPU) Shares Shorted: Short Interest Down 38.0% in October

Lake Superior Acquisition Corp (NASDAQ:LKSPU) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 114 shares, a drop of 38.0% from the September 30th total of 184 shares. Based on an average daily trading volume, of 2,184 shares, the short-interest ratio is presently 0.1 days.

Lake Superior Acquisition Price Performance

Shares of NASDAQ LKSPU traded down $0.01 on Monday, hitting $10.43. The company had a trading volume of 1,656 shares, compared to its average volume of 3,155. Lake Superior Acquisition has a 12-month low of $10.03 and a 12-month high of $12.38. The business has a 50 day moving average of $10.53 and a two-hundred day moving average of $10.33.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Lake Superior Acquisition Company Profile

Lake Superior Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating businesses. Its potential transaction may take the form of a merger, acquisition, stock purchase, reorganization, or similar combination.

As a blank-check company, Lake Superior Acquisition does not have established operating products or services of its own. Instead, its activities are focused on raising capital through its public offering, evaluating potential target companies, and seeking shareholder approval for a proposed transaction.

Information about the company’s specific target industry, geographic focus, operating history, and leadership is limited in publicly available sources.