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

Laird Superfood, Inc. (NYSEAMERICAN:LSF) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 125,998 shares, an increase of 45.9% from the February 12th total of 86,368 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 41,659 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily trading volume, of 41,659 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors have recently bought and sold shares of LSF. Acadian Asset Management LLC lifted its position in Laird Superfood by 75.3% during the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock valued at $282,000 after purchasing an additional 19,806 shares in the last quarter. Geode Capital Management LLC raised its stake in Laird Superfood by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock worth $538,000 after acquiring an additional 2,483 shares during the period. XTX Topco Ltd bought a new stake in Laird Superfood during the 2nd quarter worth approximately $102,000. Archon Capital Management LLC lifted its holdings in Laird Superfood by 8.9% during the second quarter. Archon Capital Management LLC now owns 88,340 shares of the company’s stock valued at $557,000 after purchasing an additional 7,184 shares in the last quarter. Finally, AWM Investment Company Inc. lifted its holdings in Laird Superfood by 33.2% during the second quarter. AWM Investment Company Inc. now owns 599,411 shares of the company’s stock valued at $3,776,000 after purchasing an additional 149,519 shares in the last quarter. 8.56% of the stock is owned by institutional investors.

Laird Superfood Trading Down 4.0%

LSF stock traded down $0.10 during midday trading on Friday, reaching $2.40. 38,558 shares of the company’s stock traded hands, compared to its average volume of 42,168. Laird Superfood has a 52-week low of $1.98 and a 52-week high of $7.94. The stock has a market cap of $25.66 million, a P/E ratio of -13.33 and a beta of 2.42. The stock’s 50-day moving average is $2.80 and its 200 day moving average is $3.67.

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.