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

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a large decline in short interest in 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. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 81,700 shares, the days-to-cover ratio is currently 0.6 days.

Laird Superfood Stock Performance

Shares of NYSEAMERICAN LSF traded down $0.72 during mid-day trading on Friday, reaching $6.28. The company had a trading volume of 128,947 shares, compared to its average volume of 138,775. Laird Superfood has a one year low of $1.90 and a one year high of $10.90. The stock has a market capitalization of $64.62 million, a P/E ratio of -44.85 and a beta of 2.27.

Insider Activity at Laird Superfood

In related news, CEO Jason D. Vieth acquired 10,000 shares of the company’s 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 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Laird Superfood

Several hedge funds have recently bought and sold shares of LSF. Two Sigma Investments LP boosted its position in shares of Laird Superfood by 17.1% during the 4th quarter. Two Sigma Investments LP now owns 68,137 shares of the company’s stock worth $537,000 after acquiring an additional 9,944 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Laird Superfood by 99.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company’s stock worth $209,000 after purchasing an additional 13,193 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Laird Superfood in the 4th quarter valued at $234,000. Manatuck Hill Partners LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at $670,000. Finally, Marshall Wace LLP bought a new position in shares of Laird Superfood in the 4th quarter valued at $1,422,000. 8.56% of the stock is owned by institutional investors.

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.