Lakeshore Acquisition I (NASDAQ:LAAA) Stock Price Down 0.5%

Lakeshore Acquisition I Corp. (NASDAQ:LAAAGet Rating)’s stock price traded down 0.5% on Tuesday . The company traded as low as $5.16 and last traded at $5.30. 3,120 shares were traded during mid-day trading, a decline of 84% from the average session volume of 19,497 shares. The stock had previously closed at $5.32.

Lakeshore Acquisition I Stock Performance

The stock has a 50 day moving average of $7.54 and a 200-day moving average of $9.16.

Institutional Trading of Lakeshore Acquisition I

Several institutional investors have recently bought and sold shares of LAAA. Wolverine Asset Management LLC raised its stake in Lakeshore Acquisition I by 39.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 21,281 shares of the company’s stock valued at $214,000 after acquiring an additional 6,069 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Lakeshore Acquisition I during the first quarter worth $496,000. Walleye Capital LLC boosted its holdings in shares of Lakeshore Acquisition I by 18.6% during the second quarter. Walleye Capital LLC now owns 97,549 shares of the company’s stock worth $989,000 after purchasing an additional 15,304 shares during the last quarter. Glazer Capital LLC raised its position in shares of Lakeshore Acquisition I by 69.4% in the 3rd quarter. Glazer Capital LLC now owns 262,401 shares of the company’s stock worth $2,642,000 after buying an additional 107,543 shares during the period. Finally, Polar Asset Management Partners Inc. raised its position in shares of Lakeshore Acquisition I by 76.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 435,000 shares of the company’s stock worth $4,383,000 after buying an additional 188,200 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

About Lakeshore Acquisition I

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Lakeshore Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Shanghai, China.

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