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

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 78,600 shares, a growth of 94.1% from the February 13th total of 40,500 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 84,700 shares, the short-interest ratio is currently 0.9 days.

Laird Superfood Stock Performance

Laird Superfood stock opened at $5.34 on Friday. The company has a market cap of $54.95 million, a P/E ratio of -38.14 and a beta of 2.27. Laird Superfood has a 1-year low of $1.90 and a 1-year high of $10.90.

Insider Buying and Selling

In other news, CEO Jason D. Vieth bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $5.37 per share, with a total value of $53,700.00. Following the acquisition, the chief executive officer now 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 15.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Laird Superfood

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd grew its stake in Laird Superfood by 41.6% in the 3rd quarter. XTX Topco Ltd now owns 15,957 shares of the company’s stock worth $79,000 after buying an additional 4,690 shares in the last quarter. Jump Financial LLC purchased a new position in Laird Superfood in the 4th quarter worth 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 purchased a new position in Laird Superfood in the 4th quarter worth approximately $186,000. Finally, Cubist Systematic Strategies LLC grew its stake in Laird Superfood by 99.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company’s stock worth $209,000 after buying an additional 13,193 shares in the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

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.