Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 78,600 shares, a growth of 94.1% from the February 13th total of 40,500 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 84,700 shares, the days-to-cover ratio is presently 0.9 days.
Laird Superfood Price Performance
Shares of LSF traded up $0.63 during midday trading on Friday, reaching $5.34. 98,045 shares of the stock were exchanged, compared to its average volume of 154,115. Laird Superfood has a 12-month low of $1.90 and a 12-month high of $10.90. The company has a market capitalization of $54.95 million, a PE ratio of -38.14 and a beta of 2.27.
Insiders Place Their Bets
In other news, CEO Jason D. Vieth purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $5.37 per share, with a total value of $53,700.00. Following the purchase, the chief executive officer now directly owns 684,969 shares of the company’s stock, valued at approximately $3,678,283.53. This trade represents a 1.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.50% of the company’s stock.
Institutional Investors Weigh In On Laird Superfood
Laird Superfood Company Profile
Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.
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