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

Lake Superior Acquisition Corp (NASDAQ:LKSPU) was the target 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 daily volume of 92 shares, the days-to-cover ratio is presently 7.6 days.

Lake Superior Acquisition Stock Up 3.7%

Shares of NASDAQ LKSPU traded up $0.38 during midday trading on Tuesday, reaching $10.57. 524 shares of the stock traded hands, compared to its average volume of 4,279. Lake Superior Acquisition has a one year low of $10.00 and a one year high of $10.36. The company’s 50 day moving average is $10.22 and its 200 day moving average is $10.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Lineage Point Capital LP bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $102,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $110,000. Stoic Point Capital Management LLC bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $161,000. Quarry LP bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $331,000. Finally, Clear Street Group Inc. bought a new position in shares of Lake Superior Acquisition during the 4th quarter valued at approximately $797,000.

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.