Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Decreases By 39.6%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 61,342 shares, a drop of 39.6% from the May 14th total of 101,580 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 63,405 shares, the short-interest ratio is currently 1.0 days.

Insider Activity at Laird Superfood

In other news, Director Gregory B. Graves purchased 15,000 shares of Laird Superfood stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $3.45 per share, for a total transaction of $51,750.00. Following the transaction, the director owned 75,089 shares of the company’s stock, valued at approximately $259,057.05. The trade was a 24.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Grant J. Lamontagne purchased 8,826 shares of Laird Superfood stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $3.23 per share, for a total transaction of $28,507.98. Following the transaction, the director directly owned 168,334 shares in the company, valued at $543,718.82. This represents a 5.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 105,736 shares of company stock worth $350,104 in the last quarter. 77.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Laird Superfood

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crewe Advisors LLC bought a new position in Laird Superfood in the 4th quarter valued at approximately $36,000. XTX Topco Ltd bought a new position in Laird Superfood in the 2nd quarter valued at approximately $102,000. Steadtrust LLC bought a new position in Laird Superfood in the 4th quarter valued at approximately $44,000. Virtu Financial LLC bought a new position in Laird Superfood in the 4th quarter valued at approximately $57,000. Finally, Goldman Sachs Group Inc. lifted its stake in Laird Superfood by 24.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after purchasing an additional 6,178 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

Laird Superfood Trading Up 9.5%

NYSEAMERICAN:LSF traded up $0.35 on Monday, hitting $4.05. The company had a trading volume of 88,733 shares, compared to its average volume of 67,268. The stock has a market capitalization of $44.55 million, a price-to-earnings ratio of -22.50 and a beta of 2.72. The firm has a 50 day moving average of $3.07 and a two-hundred day moving average of $2.75. Laird Superfood has a 52 week low of $1.96 and a 52 week high of $7.80.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LSF. Zacks Research lowered shares of Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group reduced their price target on shares of 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 assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.00.

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.