Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Significant Increase in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF) 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of Laird Superfood in the 4th quarter valued at approximately $1,422,000. Manatuck Hill Partners LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at approximately $670,000. Walleye Capital LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at approximately $471,000. Renaissance Technologies LLC raised its stake in shares of Laird Superfood by 20.0% in the 4th quarter. Renaissance Technologies LLC now owns 313,800 shares of the company’s stock valued at $2,473,000 after acquiring an additional 52,300 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at approximately $234,000. 8.56% of the stock is owned by hedge funds and other institutional investors.

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.