Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Increases By 26.6%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of 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 company’s stock are sold short. Based on an average daily volume of 79,800 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Laird Superfood

Several institutional investors have recently bought and sold shares of the company. Jump Financial LLC bought a new position in shares of Laird Superfood during the 4th quarter worth approximately $87,000. Hillsdale Investment Management Inc. acquired a new stake in Laird Superfood in the 4th quarter valued at $101,000. XTX Topco Ltd increased 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 valued at $79,000 after buying an additional 4,690 shares during the last quarter. Finley Financial LLC bought a new stake in Laird Superfood during the 4th quarter worth about $186,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Laird Superfood by 99.2% during 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 during the last quarter. Institutional investors own 8.56% of the company’s stock.

Laird Superfood Price Performance

Shares of Laird Superfood stock traded down $0.61 during trading on Wednesday, reaching $5.24. The stock had a trading volume of 95,418 shares, compared to its average volume of 248,644. The firm has a market cap of $53.92 million, a price-to-earnings ratio of -37.43 and a beta of 2.27. Laird Superfood has a 52 week low of $0.76 and a 52 week high of $10.90.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and issued a $12.00 price target (up previously from $8.00) on shares of Laird Superfood in a report 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.