Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Up 26.6% in February

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 40,500 shares, a growth of 26.6% from the January 31st total of 32,000 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 79,800 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity at Laird Superfood

In related news, CEO Jason D. Vieth purchased 10,000 shares of the business's stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly 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 legal filing with the SEC, which is accessible through this link. 15.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Laird Superfood

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd boosted its stake 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 buying an additional 4,690 shares during the period. Geode Capital Management LLC boosted its stake in 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 period. Finley Financial LLC bought a new stake in Laird Superfood during the fourth quarter valued at $186,000. Two Sigma Investments LP boosted its stake in Laird Superfood by 17.1% during the fourth 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 during the period. Finally, Citadel Advisors LLC bought a new stake in Laird Superfood during the fourth quarter valued at $234,000. 8.56% of the stock is owned by institutional investors.

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Laird Superfood Price Performance

Shares of Laird Superfood stock traded up $0.24 during trading hours on Friday, reaching $5.76. The company had a trading volume of 114,333 shares, compared to its average volume of 251,490. Laird Superfood has a one year low of $0.78 and a one year high of $10.90. The firm has a market capitalization of $59.27 million, a P/E ratio of -41.14 and a beta of 2.27.

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.