Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Update

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

Laird Superfood Stock Performance

NYSEAMERICAN:LSF traded down $0.02 during mid-day trading on Wednesday, hitting $5.58. 43,607 shares of the company traded hands, compared to its average volume of 83,852. The firm has a market capitalization of $57.42 million, a PE ratio of -39.85 and a beta of 2.27. Laird Superfood has a one year low of $1.90 and a one year high of $10.90.

Insiders Place Their Bets

In other news, CEO Jason D. Vieth purchased 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $5.37 per share, with a total value of $53,700.00. Following the acquisition, the chief executive officer now directly owns 684,969 shares of the company's stock, valued at $3,678,283.53. This represents a 1.48 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Laird Superfood

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its holdings in Laird Superfood by 41.6% during the third quarter. XTX Topco Ltd now owns 15,957 shares of the company's stock valued at $79,000 after acquiring an additional 4,690 shares during the period. Jump Financial LLC bought a new stake in Laird Superfood during the 4th quarter valued at approximately $87,000. Hillsdale Investment Management Inc. purchased a new position in Laird Superfood in the 4th quarter worth approximately $101,000. Finley Financial LLC bought a new position in Laird Superfood in the 4th quarter worth approximately $186,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Laird Superfood by 99.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company's stock valued at $209,000 after buying an additional 13,193 shares in the last quarter. 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.