Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Increases By 26.6%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 40,500 shares, a growth of 26.6% from the January 31st total of 32,000 shares. Based on an average daily trading volume, of 79,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

Laird Superfood Stock Performance

Laird Superfood stock traded down $0.61 during midday trading on Wednesday, reaching $5.24. 95,418 shares of the company’s stock were exchanged, compared to its average volume of 248,644. The stock has a market capitalization of $53.92 million, a P/E ratio of -37.43 and a beta of 2.27. Laird Superfood has a 52 week low of $0.76 and a 52 week high of $10.90.

Institutional Trading of Laird Superfood

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd grew its stake in 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 last quarter. Jump Financial LLC bought a new stake in shares of Laird Superfood during the fourth quarter worth approximately $87,000. Hillsdale Investment Management Inc. acquired a new position in shares of Laird Superfood in the fourth quarter valued at approximately $101,000. Finley Financial LLC bought a new stake in Laird Superfood in the 4th quarter valued at $186,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Laird Superfood by 99.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company’s stock valued at $209,000 after buying an additional 13,193 shares in the last quarter. 8.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reaffirmed a “buy” rating and set a $12.00 price target (up from $8.00) on shares of Laird Superfood in a research report on Thursday, November 7th.

About Laird Superfood

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.