Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Declines By 41.5%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 46,000 shares, a drop of 41.5% from the February 28th total of 78,600 shares. Based on an average daily volume of 81,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the shares of the stock are short sold.

Laird Superfood Trading Down 10.3 %

NYSEAMERICAN:LSF opened at $6.28 on Monday. The company has a market cap of $64.62 million, a price-to-earnings ratio of -44.85 and a beta of 2.27. Laird Superfood has a fifty-two week low of $1.90 and a fifty-two week high of $10.90.

Insider Activity at Laird Superfood

In other Laird Superfood news, CEO Jason D. Vieth acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $5.37 per share, with a total value of $53,700.00. Following the purchase, the chief executive officer now owns 684,969 shares in the company, valued at approximately $3,678,283.53. The trade was a 1.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 15.50% of the company’s stock.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors have recently added to or reduced their stakes in LSF. XTX Topco Ltd boosted its holdings 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 buying an additional 4,690 shares during the period. Jump Financial LLC bought a new position in Laird Superfood in the fourth quarter worth about $87,000. Hillsdale Investment Management Inc. acquired a new position in Laird Superfood in the fourth quarter valued at approximately $101,000. Finley Financial LLC bought a new position in shares of Laird Superfood during the fourth quarter valued at approximately $186,000. Finally, Cubist Systematic Strategies LLC raised its position 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 purchasing an additional 13,193 shares during the period. Institutional investors and hedge funds own 8.56% of the company’s stock.

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.