Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Large Growth in Short Interest

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. Approximately 1.1% of the company's shares are short sold. Based on an average trading volume of 84,700 shares, the short-interest ratio is currently 0.9 days.

Laird Superfood Stock Up 3.7 %

Shares of LSF traded up $0.20 during mid-day trading on Wednesday, reaching $5.65. The company had a trading volume of 80,022 shares, compared to its average volume of 147,977. The firm has a market cap of $58.14 million, a PE ratio of -40.35 and a beta of 2.27. Laird Superfood has a fifty-two week low of $1.90 and a fifty-two week high of $10.90.

Insiders Place Their Bets

In other news, CEO Jason D. Vieth bought 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased 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 owns 684,969 shares of the company's stock, valued at approximately $3,678,283.53. The trade was a 1.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 15.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Laird Superfood

A number of hedge funds have recently made changes to their positions in LSF. XTX Topco Ltd boosted its holdings in shares of Laird Superfood by 41.6% in the 3rd quarter. XTX Topco Ltd now owns 15,957 shares of the company's stock valued at $79,000 after purchasing an additional 4,690 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Laird Superfood by 29.3% in the 3rd quarter. Geode Capital Management LLC now owns 80,253 shares of the company's stock valued at $398,000 after purchasing an additional 18,187 shares during the last quarter. Finley Financial LLC acquired a new position in shares of Laird Superfood in the 4th quarter valued at $186,000. Hillsdale Investment Management Inc. acquired a new position in shares of Laird Superfood in the 4th quarter valued at $101,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Laird Superfood by 20.0% during 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. Institutional investors and hedge funds own 8.56% of the company's stock.

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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.