Lakeshore Acquisition I Corp (NASDAQ:LAAA) Sees Large Increase in Short Interest

Lakeshore Acquisition I Corp (NASDAQ:LAAA) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 25,800 shares, an increase of 141.1% from the September 15th total of 10,700 shares. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the shares of the company are sold short.

LAAA opened at $9.82 on Thursday. The stock has a 50 day moving average of $9.76. Lakeshore Acquisition I has a twelve month low of $9.58 and a twelve month high of $9.86.

Lakeshore Acquisition I Company Profile

Lakeshore Acquisition I Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Lakeshore Acquisition I Corp. is based in Shanghai, China.

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