Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Declines By 41.5%

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 46,000 shares, a decrease of 41.5% from the February 28th total of 78,600 shares. Based on an average daily volume of 81,700 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the company's shares are short sold.

Laird Superfood Stock Performance

Shares of LSF traded down $0.13 during mid-day trading on Monday, hitting $6.15. The company's stock had a trading volume of 43,775 shares, compared to its average volume of 138,396. Laird Superfood has a 52-week low of $1.90 and a 52-week high of $10.90. The stock has a market capitalization of $63.28 million, a PE ratio of -43.93 and a beta of 2.27.

Insider Transactions at Laird Superfood

In other news, CEO Jason D. Vieth bought 10,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 684,969 shares in the company, valued at approximately $3,678,283.53. This trade represents a 1.48 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.50% of the company's stock.

Institutional Trading of Laird Superfood

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position 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 worth $2,473,000 after acquiring an additional 52,300 shares in the last quarter. Marshall Wace LLP purchased a new position in Laird Superfood in the fourth quarter valued at about $1,422,000. Manatuck Hill Partners LLC bought a new position in Laird Superfood in the fourth quarter worth about $670,000. Geode Capital Management LLC lifted its position in shares of Laird Superfood by 29.3% during the third quarter. Geode Capital Management LLC now owns 80,253 shares of the company's stock valued at $398,000 after buying an additional 18,187 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Laird Superfood by 17.1% in the 4th quarter. Two Sigma Investments LP now owns 68,137 shares of the company's stock valued at $537,000 after buying an additional 9,944 shares in the last quarter. Hedge funds and other institutional investors own 8.56% of the company's stock.

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About Laird Superfood

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.