Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Down 21.1% in March

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 99,449 shares, a drop of 21.1% from the February 26th total of 125,998 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 46,844 shares, the days-to-cover ratio is currently 2.1 days.

Hedge Funds Weigh In On Laird Superfood

Several hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. raised its stake in shares of Laird Superfood by 33.2% during the 2nd 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 during the period. Mink Brook Asset Management LLC grew its holdings in Laird Superfood by 159.8% during the 4th quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock valued at $494,000 after buying an additional 136,826 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Laird Superfood by 64.6% during the 2nd quarter. Osaic Holdings Inc. now owns 191,790 shares of the company’s stock valued at $1,208,000 after buying an additional 75,286 shares in the last quarter. Huntleigh Advisors Inc. increased 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 buying an additional 5,714 shares during the period. Finally, Archon Capital Management LLC lifted its holdings in shares of Laird Superfood by 8.9% in the second quarter. Archon Capital Management LLC now owns 88,340 shares of the company’s stock worth $557,000 after buying an additional 7,184 shares in the last quarter. 8.56% of the stock is currently owned by hedge funds and other institutional investors.

Laird Superfood Trading Down 8.9%

Shares of NYSEAMERICAN LSF opened at $2.05 on Friday. The firm’s 50-day moving average price is $2.75 and its 200-day moving average price is $3.44. The firm has a market capitalization of $21.91 million, a P/E ratio of -6.61 and a beta of 2.42. Laird Superfood has a 1-year low of $1.96 and a 1-year high of $7.94.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Thursday, March 26th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). Laird Superfood had a negative net margin of 6.52% and a negative return on equity of 19.67%. The business had revenue of $13.35 million during the quarter, compared to analysts’ expectations of $13.14 million. Equities research analysts forecast that Laird Superfood will post -0.16 EPS for the current year.

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.