Lake Superior Acquisition Corp (NASDAQ:LKSP) Sees Large Increase in Short Interest

Lake Superior Acquisition Corp (NASDAQ:LKSP) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 5,868 shares, a growth of 49.2% from the July 30th total of 3,933 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,770 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Lake Superior Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Lake Superior Acquisition

Large investors have recently bought and sold shares of the business. Hudson Bay Capital Management LP acquired a new stake in shares of Lake Superior Acquisition during the fourth quarter worth about $4,175,000. Westchester Capital Management LLC acquired a new position in Lake Superior Acquisition in the 4th quarter valued at about $1,988,000. Context Capital Management LLC purchased a new stake in Lake Superior Acquisition during the 4th quarter valued at approximately $1,736,000. Clear Street Group Inc. acquired a new stake in Lake Superior Acquisition during the 4th quarter worth approximately $2,976,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Lake Superior Acquisition during the 4th quarter worth approximately $4,970,000.

Lake Superior Acquisition Price Performance

LKSP stock traded up $0.01 during mid-day trading on Tuesday, reaching $10.21. The company had a trading volume of 33 shares, compared to its average volume of 33,133. The firm has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $10.11. Lake Superior Acquisition has a fifty-two week low of $9.89 and a fifty-two week high of $10.22.

Lake Superior Acquisition (NASDAQ:LKSP) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.05 EPS for the quarter.

About Lake Superior Acquisition

Lake Superior Acquisition Corp. (NASDAQ: LKSP) is a special purpose acquisition company (SPAC) formed to identify, acquire or merge with one or more businesses. As a blank‑check vehicle, its principal purpose is to raise capital in the public markets and use those proceeds, typically held in trust, to complete a business combination that delivers an operating company to public investors.

The company’s primary activities center on sourcing, negotiating and consummating an initial business combination.