Short Interest in Lake Superior Acquisition Corp (NASDAQ:LKSPU) Declines By 85.2%

Lake Superior Acquisition Corp (NASDAQ:LKSPU) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 103 shares, a decline of 85.2% from the April 30th total of 695 shares. Based on an average trading volume of 117 shares, the short-interest ratio is currently 0.9 days.

Lake Superior Acquisition Trading Up 4.2%

LKSPU traded up $0.42 during trading on Thursday, hitting $10.61. Lake Superior Acquisition has a 1-year low of $10.00 and a 1-year high of $10.36. The company has a fifty day moving average of $10.26 and a two-hundred day moving average of $10.21.

Hedge Funds Weigh In On Lake Superior Acquisition

A number of hedge funds have recently bought and sold shares of LKSPU. Quarry LP purchased a new stake in shares of Lake Superior Acquisition during the 4th quarter valued at about $331,000. Westchester Capital Management LLC purchased a new position in shares of Lake Superior Acquisition during the fourth quarter valued at approximately $2,581,000. Clear Street Group Inc. bought a new position in Lake Superior Acquisition during the fourth quarter valued at approximately $797,000. Magnetar Financial LLC purchased a new stake in Lake Superior Acquisition in the fourth quarter worth approximately $5,039,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Lake Superior Acquisition in the 4th quarter worth approximately $110,000.

Lake Superior Acquisition Company Profile

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.