Lake Superior Acquisition Corp (NASDAQ:LKSPU) Stock Short Interest Declines 38.0%

Lake Superior Acquisition Corp (NASDAQ:LKSPU) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 114 shares, a decline of 38.0% from the September 30th total of 184 shares. Based on an average daily volume of 2,184 shares, the days-to-cover ratio is currently 0.1 days.

Lake Superior Acquisition Stock Up 0.1%

Shares of NASDAQ LKSPU opened at $10.45 on Wednesday. The stock’s fifty day moving average price is $10.53 and its two-hundred day moving average price is $10.33. Lake Superior Acquisition has a one year low of $10.05 and a one year high of $12.38.

Analyst Upgrades and Downgrades

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