Lake Superior Acquisition Corp (NASDAQ:LKSPU) Sees Significant Decline in Short Interest

Lake Superior Acquisition Corp (NASDAQ:LKSPU) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 695 shares, a decrease of 36.2% from the April 15th total of 1,089 shares. Based on an average trading volume of 92 shares, the days-to-cover ratio is currently 7.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Lineage Point Capital LP acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $102,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $110,000. Stoic Point Capital Management LLC acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $161,000. Quarry LP acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $331,000. Finally, Clear Street Group Inc. acquired a new position in shares of Lake Superior Acquisition during the 4th quarter worth approximately $797,000.

Lake Superior Acquisition Stock Performance

Shares of NASDAQ:LKSPU traded up $0.42 on Monday, reaching $10.61. 524 shares of the company’s stock were exchanged, compared to its average volume of 4,279. The company has a fifty day moving average of $10.22 and a 200-day moving average of $10.19. Lake Superior Acquisition has a twelve month low of $10.00 and a twelve month high of $10.36.

About Lake Superior Acquisition

We are a blank check company, incorporated as a British Virgin Islands business company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.