Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Down 39.6% in May

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 61,342 shares, a decrease of 39.6% from the May 14th total of 101,580 shares. Based on an average trading volume of 63,405 shares, the short-interest ratio is currently 1.0 days. Approximately 2.5% of the company’s stock are sold short.

Laird Superfood Stock Performance

LSF opened at $4.64 on Wednesday. The company’s 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $2.78. The stock has a market capitalization of $51.04 million, a P/E ratio of -25.78 and a beta of 2.72. Laird Superfood has a 52-week low of $1.96 and a 52-week high of $7.80.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.24. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. The firm had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $14.51 million. Research analysts forecast that Laird Superfood will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Maxim Group lowered their price objective on Laird Superfood from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Insider Buying and Selling at Laird Superfood

In other news, Director Gregory B. Graves acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of $3.45 per share, with a total value of $51,750.00. Following the transaction, the director owned 75,089 shares of the company’s stock, valued at $259,057.05. This trade represents a 24.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Grant J. Lamontagne acquired 27,160 shares of Laird Superfood stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $3.30 per share, with a total value of $89,628.00. Following the completion of the purchase, the director owned 142,454 shares in the company, valued at $470,098.20. This represents a 23.56% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 105,736 shares of company stock valued at $350,104 over the last 90 days. Corporate insiders own 77.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in shares of Laird Superfood during the 4th quarter valued at about $36,000. XTX Topco Ltd lifted its stake in shares of Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after purchasing an additional 8,209 shares during the period. Steadtrust LLC purchased a new position in shares of Laird Superfood in the fourth quarter worth approximately $44,000. Virtu Financial LLC bought a new stake in Laird Superfood during the fourth quarter valued at approximately $57,000. Finally, Goldman Sachs Group Inc. increased its holdings in Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after buying an additional 6,178 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

Laird Superfood Company Profile

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.