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

Lake Superior Acquisition Corp (NASDAQ:LKSPU) was the target of a large drop in short interest in 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 volume of 2,184 shares, the short-interest ratio is currently 0.1 days.

Lake Superior Acquisition Price Performance

NASDAQ LKSPU traded down $0.01 during mid-day trading on Monday, reaching $10.43. 1,656 shares of the company’s stock traded hands, compared to its average volume of 3,155. Lake Superior Acquisition has a 1-year low of $10.03 and a 1-year high of $12.38. The company has a fifty day simple moving average of $10.53 and a 200-day simple moving average of $10.33.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average 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.