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

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

Lake Superior Acquisition Price Performance

Shares of LKSPU stock traded up $0.42 during trading hours on Thursday, hitting $10.61. Lake Superior Acquisition has a fifty-two week low of $10.00 and a fifty-two week high of $10.36. The company has a fifty day moving average of $10.26 and a 200-day moving average of $10.21.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Lineage Point Capital LP purchased a new position in shares of Lake Superior Acquisition in the fourth quarter valued at about $102,000. Schonfeld Strategic Advisors LLC purchased a new stake in Lake Superior Acquisition in the fourth quarter worth $110,000. Stoic Point Capital Management LLC bought a new position in shares of Lake Superior Acquisition in the 4th quarter worth about $161,000. Quarry LP bought a new position in shares of Lake Superior Acquisition during the fourth quarter valued at approximately $331,000. Finally, Clear Street Group Inc. bought a new position in 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.