Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Increases By 87.6%

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 86,300 shares, an increase of 87.6% from the March 15th total of 46,000 shares. Approximately 1.2% of the company's shares are short sold. Based on an average daily trading volume, of 87,200 shares, the days-to-cover ratio is presently 1.0 days.

Laird Superfood Trading Down 1.3 %

NYSEAMERICAN:LSF traded down $0.07 on Monday, reaching $5.20. The company's stock had a trading volume of 17,733 shares, compared to its average volume of 79,853. Laird Superfood has a 1-year low of $1.90 and a 1-year high of $10.90. The stock has a market cap of $53.51 million, a price-to-earnings ratio of -37.14 and a beta of 2.27.

Insiders Place Their Bets

In other Laird Superfood news, CEO Jason D. Vieth purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $5.37 per share, with a total value of $53,700.00. Following the completion of the purchase, the chief executive officer now directly owns 684,969 shares in the company, valued at approximately $3,678,283.53. This represents a 1.48 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LSF. XTX Topco Ltd grew its stake in shares of Laird Superfood by 41.6% during the 3rd quarter. XTX Topco Ltd now owns 15,957 shares of the company's stock worth $79,000 after acquiring an additional 4,690 shares in the last quarter. Jump Financial LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at about $87,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Laird Superfood in the fourth quarter valued at about $101,000. Finley Financial LLC bought a new stake in Laird Superfood during the fourth quarter worth about $186,000. Finally, Cubist Systematic Strategies LLC boosted its position in Laird Superfood by 99.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company's stock valued at $209,000 after purchasing an additional 13,193 shares during the last quarter. Institutional investors and hedge funds own 8.56% of the company's stock.

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.