Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Large Decrease in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 97,552 shares, a drop of 35.4% from the December 15th total of 151,080 shares. Based on an average trading volume of 256,963 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the company’s shares are sold short. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 256,963 shares, the days-to-cover ratio is currently 0.4 days.

Laird Superfood Price Performance

Laird Superfood stock traded up $0.50 during midday trading on Friday, reaching $3.34. 388,936 shares of the company traded hands, compared to its average volume of 156,905. Laird Superfood has a 12 month low of $1.98 and a 12 month high of $8.26. The firm has a market capitalization of $35.70 million, a price-to-earnings ratio of -18.55 and a beta of 2.39. The business has a 50 day moving average of $2.48 and a two-hundred day moving average of $4.70.

Institutional Investors Weigh In On Laird Superfood

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSF. Crewe Advisors LLC bought a new position in shares of Laird Superfood during the fourth quarter worth $36,000. Susquehanna International Group LLP boosted its holdings in shares of Laird Superfood by 29.1% during the 3rd quarter. Susquehanna International Group LLP now owns 47,546 shares of the company’s stock valued at $265,000 after purchasing an additional 10,708 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in shares of Laird Superfood during the 3rd quarter valued at about $478,000. Huntleigh Advisors Inc. grew its position in shares of Laird Superfood by 6.3% during the third quarter. Huntleigh Advisors Inc. now owns 96,146 shares of the company’s stock valued at $536,000 after purchasing an additional 5,714 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Laird Superfood by 64.6% in the second quarter. Osaic Holdings Inc. now owns 191,790 shares of the company’s stock worth $1,208,000 after purchasing an additional 75,286 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

About Laird Superfood

Laird Superfood, Inc (NYSE American: LSF) is a consumer wellness company specializing in plant-based superfood and functional beverage products. Founded in 2015 by big-wave surfer and entrepreneur Laird Hamilton, the company develops creamers, coffees, hydration mixes and culinary superfood blends designed to deliver energy, focus and nutritional support. Laird Superfood’s offerings leverage premium ingredients such as coconut milk, aquamin sea minerals, functional mushrooms and adaptogens to address growing consumer demand for clean-label, nutrient-rich alternatives.

The company’s core product lines include coconut-based coffee creamers, plant-based creamers, instant coffee blends combined with superfood ingredients, hydration mixes and culinary seasonings.