Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Up 1,671.7% in March

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 793,700 shares, a growth of 1,671.7% from the February 29th total of 44,800 shares. Approximately 12.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 470,300 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “neutral” rating and issued a $1.30 price target (up from $0.85) on shares of Laird Superfood in a research note on Wednesday, March 13th.

Laird Superfood Trading Down 7.5 %

Shares of Laird Superfood stock opened at $2.60 on Thursday. The business has a 50-day moving average price of $0.95 and a two-hundred day moving average price of $0.94. Laird Superfood has a 1-year low of $0.65 and a 1-year high of $3.48. The company has a market cap of $24.47 million, a P/E ratio of -2.36 and a beta of 1.55.

Insider Buying and Selling

In other Laird Superfood news, Director Geoffrey T. Barker bought 50,000 shares of Laird Superfood stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $2.79 per share, with a total value of $139,500.00. Following the acquisition, the director now owns 179,057 shares in the company, valued at approximately $499,569.03. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased 56,211 shares of company stock valued at $153,381 over the last 90 days. 12.50% of the stock is owned by corporate insiders.

Institutional Trading of Laird Superfood

A number of large investors have recently bought and sold shares of LSF. Renaissance Technologies LLC acquired a new stake in shares of Laird Superfood in the 1st quarter valued at about $489,000. State Street Corp lifted its position in shares of Laird Superfood by 30.1% during the 1st quarter. State Street Corp now owns 110,254 shares of the company’s stock worth $398,000 after buying an additional 25,540 shares in the last quarter. Millennium Management LLC lifted its position in shares of Laird Superfood by 128.7% during the 2nd quarter. Millennium Management LLC now owns 105,301 shares of the company’s stock worth $201,000 after buying an additional 59,258 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Laird Superfood during the 4th quarter worth approximately $67,000. 8.56% of the stock is currently owned by institutional investors and hedge funds.

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.