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 during 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 days-to-cover ratio is presently 0.1 days.

Lake Superior Acquisition Stock Down 0.1%

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

Wall Street Analyst Weigh In

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

About Lake Superior Acquisition

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.