Leafly Holdings, Inc. (NASDAQ:LFLY) Short Interest Down 54.9% in December

Leafly Holdings, Inc. (NASDAQ:LFLY) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 12,100 shares, a decrease of 54.9% from the December 15th total of 26,800 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 41,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Leafly

A hedge fund recently bought a new stake in Leafly stock. Renaissance Technologies LLC purchased a new stake in shares of Leafly Holdings, Inc. (NASDAQ:LFLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned approximately 0.66% of Leafly at the end of the most recent reporting period. Institutional investors and hedge funds own 15.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reiterated a “buy” rating and set a $9.18 price target on shares of Leafly in a research note on Friday, November 8th.

Leafly Stock Up 0.7 %

LFLY traded up $0.01 during midday trading on Tuesday, reaching $1.41. The company had a trading volume of 38,984 shares, compared to its average volume of 18,598. The business has a 50-day moving average of $1.50 and a two-hundred day moving average of $1.84. Leafly has a 1 year low of $1.10 and a 1 year high of $4.95. The company has a market cap of $4.33 million, a P/E ratio of -0.61 and a beta of 0.87.

Leafly Company Profile

Leafly Holdings, Inc owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.