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

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 17,200 shares, a decline of 29.2% from the December 31st total of 24,300 shares. Based on an average trading volume of 112,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Laird Superfood Trading Down 2.0 %

Laird Superfood stock traded down $0.15 during mid-day trading on Tuesday, reaching $7.30. 21,088 shares of the company were exchanged, compared to its average volume of 79,329. Laird Superfood has a twelve month low of $0.71 and a twelve month high of $10.90. The stock has a market capitalization of $75.12 million, a price-to-earnings ratio of -52.10 and a beta of 2.27.

Laird Superfood (NYSEAMERICAN:LSF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $11.78 million during the quarter, compared to the consensus estimate of $10.60 million. Laird Superfood had a negative return on equity of 13.24% and a negative net margin of 3.13%. Equities analysts predict that Laird Superfood will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Laird Superfood by 86.2% in the second quarter. Renaissance Technologies LLC now owns 327,600 shares of the company's stock valued at $1,841,000 after acquiring an additional 151,679 shares during the period. Geode Capital Management LLC increased 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 in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Laird Superfood in the 2nd quarter valued at about $155,000. Finley Financial LLC purchased a new position in shares of Laird Superfood in the 4th quarter valued at about $186,000. Finally, XTX Topco Ltd increased 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 in the last quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a "buy" rating and set a $12.00 price target (up previously from $8.00) on shares of Laird Superfood in a research note on Thursday, November 7th.

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.