Lake Superior Acquisition Corp (NASDAQ:LKSPR) Sees Significant Growth in Short Interest

Lake Superior Acquisition Corp (NASDAQ:LKSPR) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 632 shares, a growth of 361.3% from the April 30th total of 137 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.1 days.

Lake Superior Acquisition Trading Up 22.0%

Shares of LKSPR stock opened at $0.92 on Friday. The stock’s 50-day moving average price is $1.06. Lake Superior Acquisition has a 12 month low of $0.63 and a 12 month high of $4.08.

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.