Lakeshore Acquisition I (NASDAQ:LAAA) Stock Price Up 1.6%

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) rose 1.6% during trading on Friday . The company traded as high as $0.69 and last traded at $0.62. Approximately 1,051 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 19,497 shares. The stock had previously closed at $0.61.

Lakeshore Acquisition I Price Performance

The stock’s 50-day moving average is $1.25 and its 200 day moving average is $2.75.

Institutional Investors Weigh In On Lakeshore Acquisition I

A hedge fund recently raised its stake in Lakeshore Acquisition I stock. Walleye Capital LLC increased its holdings in Lakeshore Acquisition I Corp. (NASDAQ:LAAA) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,549 shares of the company’s stock after buying an additional 15,304 shares during the period. Walleye Capital LLC owned about 1.37% of Lakeshore Acquisition I worth $989,000 as of its most recent SEC filing. 71.13% of the stock is owned by institutional investors and hedge funds.

About Lakeshore Acquisition I

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.