Lakeshore Acquisition III Corp. (NASDAQ:LCCCU) Short Interest Down 36.6% in April

Lakeshore Acquisition III Corp. (NASDAQ:LCCCU) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 324 shares, a decrease of 36.6% from the April 15th total of 511 shares. Based on an average daily volume of 165 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Lakeshore Acquisition III

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Street Group Inc. acquired a new position in Lakeshore Acquisition III in the third quarter valued at approximately $1,140,000. L1 Global Manager Pty Ltd acquired a new position in Lakeshore Acquisition III in the fourth quarter valued at approximately $1,029,000. LMR Partners LLP acquired a new position in Lakeshore Acquisition III in the second quarter valued at approximately $1,530,000. Jane Street Group LLC acquired a new position in Lakeshore Acquisition III in the second quarter valued at approximately $187,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Lakeshore Acquisition III in the second quarter valued at approximately $878,000.

Lakeshore Acquisition III Stock Performance

LCCCU traded up $0.02 on Monday, reaching $10.44. The company’s stock had a trading volume of 4 shares, compared to its average volume of 4,012. The stock has a 50 day moving average of $10.43 and a two-hundred day moving average of $10.39. Lakeshore Acquisition III has a fifty-two week low of $10.04 and a fifty-two week high of $10.75.

About Lakeshore Acquisition III

Lakeshore Acquisition III is a special purpose acquisition company (SPAC) organized as a blank-check entity under the laws of the State of Delaware. The company was formed with the primary purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It completed its initial public offering on the NASDAQ under the ticker symbol LCCCU and holds its proceeds in trust pending the identification and consummation of an appropriate business combination.

As a SPAC, Lakeshore Acquisition III does not maintain operations of its own or generate revenue from traditional business activities.