Short Interest in Lake Superior Acquisition Corp (NASDAQ:LKSP) Expands By 49.2%

Lake Superior Acquisition Corp (NASDAQ:LKSP) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 5,868 shares, a growth of 49.2% from the July 30th total of 3,933 shares. Based on an average daily volume of 20,770 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Lake Superior Acquisition Trading Down 0.3%

Shares of Lake Superior Acquisition stock traded down $0.03 during trading on Wednesday, hitting $10.17. 33 shares of the company’s stock were exchanged, compared to its average volume of 33,135. The business has a 50-day simple moving average of $10.17 and a 200-day simple moving average of $10.11. Lake Superior Acquisition has a 52-week low of $9.89 and a 52-week high of $10.22.

Lake Superior Acquisition (NASDAQ:LKSP) last issued its earnings results on Thursday, August 13th. The company reported $0.05 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lake Superior Acquisition has an average rating of “Sell”.

Hedge Funds Weigh In On Lake Superior Acquisition

Several institutional investors have recently made changes to their positions in LKSP. Virtu Financial LLC purchased a new stake in Lake Superior Acquisition during the fourth quarter worth $359,000. TrueMark Investments LLC purchased a new stake in shares of Lake Superior Acquisition during the 1st quarter worth about $363,000. Sona Asset Management US LLC acquired a new stake in shares of Lake Superior Acquisition during the 1st quarter valued at about $892,000. Moore Capital Management LP acquired a new stake in shares of Lake Superior Acquisition during the 4th quarter valued at about $1,042,000. Finally, Context Capital Management LLC purchased a new position in shares of Lake Superior Acquisition in the 4th quarter valued at about $1,736,000.

About Lake Superior Acquisition

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.