Lakeshore Acquisition III Corp. (NASDAQ:LCCC – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 1,192 shares, a drop of 66.5% from the June 15th total of 3,562 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 18,805 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Lakeshore Acquisition III
A number of large investors have recently made changes to their positions in the stock. Berkley W R Corp grew its holdings in shares of Lakeshore Acquisition III by 51.3% in the first quarter. Berkley W R Corp now owns 310,796 shares of the company’s stock worth $3,203,000 after purchasing an additional 105,422 shares during the last quarter. Sona Asset Management US LLC bought a new stake in Lakeshore Acquisition III during the 1st quarter valued at about $1,030,000. Finally, Rivernorth Capital Management LLC boosted its position in Lakeshore Acquisition III by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,051,000 after buying an additional 100,000 shares during the period.
Lakeshore Acquisition III Stock Performance
Shares of NASDAQ LCCC remained flat at $10.44 during midday trading on Tuesday. The stock had a trading volume of 105,007 shares, compared to its average volume of 37,849. The company has a 50-day simple moving average of $10.40. Lakeshore Acquisition III has a 12-month low of $10.02 and a 12-month high of $10.45.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lakeshore Acquisition III in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lakeshore Acquisition III has a consensus rating of “Sell”.
View Our Latest Research Report on LCCC
Lakeshore Acquisition III Company Profile
Lakeshore Acquisition III (NASDAQ: LCCC) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock exchange. As a blank‑check company, its primary business activity is to raise capital through an initial public offering and hold those proceeds in a trust while seeking a business combination, merger, asset acquisition or similar transaction that would bring a private operating company public through a reverse merger or other form of combination.
Prior to identifying and completing a qualifying business combination, Lakeshore Acquisition III does not operate traditional commercial businesses or offer products or services; instead, its operations are focused on target evaluation, due diligence, structuring potential transactions and managing the trust account and public‑company obligations.
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