Lakeshore Acquisition III Corp. (NASDAQ:LCCCR – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 4,596 shares, an increase of 115.2% from the June 15th total of 2,136 shares. Based on an average daily volume of 4,696 shares, the short-interest ratio is presently 1.0 days.
Lakeshore Acquisition III Stock Performance
Shares of Lakeshore Acquisition III stock opened at $0.17 on Friday. The firm’s 50 day moving average is $0.18. Lakeshore Acquisition III has a 1 year low of $0.11 and a 1 year high of $0.48.
About Lakeshore Acquisition III
Lakeshore Acquisition III is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker LCCCR. As a blank-check vehicle, the firm itself does not operate an ongoing commercial business; instead, it was organized to raise capital from public markets to identify, negotiate and complete a business combination with one or more target companies.
The company’s primary activity is sourcing and executing a merger, acquisition, stock purchase, asset acquisition, reorganization or similar business combination that would result in a privately held operating company becoming a publicly listed entity.
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