Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Significant Increase in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 86,300 shares, an increase of 87.6% from the March 15th total of 46,000 shares. Based on an average daily volume of 87,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.2% of the shares of the company are short sold.

Insider Activity at Laird Superfood

In other Laird Superfood news, CEO Jason D. Vieth bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $5.37 per share, for a total transaction of $53,700.00. Following the acquisition, the chief executive officer now directly owns 684,969 shares of the company’s stock, valued at $3,678,283.53. This trade represents a 1.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 15.50% of the stock is currently owned by insiders.

Institutional Trading of Laird Superfood

A number of institutional investors have recently bought and sold shares of LSF. XTX Topco Ltd lifted its stake 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 during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Laird Superfood in the fourth quarter worth about $101,000. Geode Capital Management LLC increased its holdings in shares of Laird Superfood by 29.3% during the 3rd quarter. Geode Capital Management LLC now owns 80,253 shares of the company’s stock valued at $398,000 after acquiring an additional 18,187 shares during the last quarter. Finley Financial LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at approximately $186,000. Finally, Two Sigma Investments LP lifted its holdings in Laird Superfood by 17.1% in the 4th quarter. Two Sigma Investments LP now owns 68,137 shares of the company’s stock worth $537,000 after purchasing an additional 9,944 shares during the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Laird Superfood Price Performance

Shares of LSF traded up $0.06 during trading hours on Friday, reaching $5.27. The company’s stock had a trading volume of 18,707 shares, compared to its average volume of 128,004. The company has a market capitalization of $54.23 million, a price-to-earnings ratio of -37.64 and a beta of 2.27. Laird Superfood has a 1-year low of $1.90 and a 1-year high of $10.90.

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.