Short Interest in Lakeshore Acquisition III Corp. (NASDAQ:LCCCU) Declines By 36.6%

Lakeshore Acquisition III Corp. (NASDAQ:LCCCU) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 324 shares, a drop of 36.6% from the April 15th total of 511 shares. Based on an average daily trading volume, of 165 shares, the days-to-cover ratio is currently 2.0 days.

Lakeshore Acquisition III Stock Performance

Shares of LCCCU stock traded up $0.02 during trading hours on Tuesday, hitting $10.44. 4 shares of the company were exchanged, compared to its average volume of 4,012. Lakeshore Acquisition III has a fifty-two week low of $10.04 and a fifty-two week high of $10.75. The company has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $10.39.

Institutional Trading of Lakeshore Acquisition III

Several hedge funds have recently bought and sold shares of the business. LMR Partners LLP acquired a new stake in Lakeshore Acquisition III in the 2nd quarter valued at $1,530,000. Clear Street Group Inc. grew its position in Lakeshore Acquisition III by 29.2% in the 4th quarter. Clear Street Group Inc. now owns 143,608 shares of the company’s stock valued at $1,478,000 after purchasing an additional 32,459 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in Lakeshore Acquisition III in the 4th quarter valued at $1,029,000. Gabelli Funds LLC acquired a new stake in Lakeshore Acquisition III in the 2nd quarter valued at $878,000. Finally, Jane Street Group LLC acquired a new stake in Lakeshore Acquisition III in the 2nd quarter valued at $187,000.

About Lakeshore Acquisition III

Lakeshore Acquisition III is a special purpose acquisition company (SPAC) organized as a blank-check entity under the laws of the State of Delaware. The company was formed with the primary purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It completed its initial public offering on the NASDAQ under the ticker symbol LCCCU and holds its proceeds in trust pending the identification and consummation of an appropriate business combination.

As a SPAC, Lakeshore Acquisition III does not maintain operations of its own or generate revenue from traditional business activities.