Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Significant Increase in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 78,600 shares, a growth of 94.1% from the February 13th total of 40,500 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 84,700 shares, the short-interest ratio is currently 0.9 days.

Laird Superfood Stock Performance

Shares of LSF traded up $0.63 during trading hours on Friday, reaching $5.34. 98,045 shares of the company’s stock traded hands, compared to its average volume of 154,115. The firm has a market capitalization of $54.95 million, a price-to-earnings ratio of -38.14 and a beta of 2.27. Laird Superfood has a twelve month low of $1.90 and a twelve month high of $10.90.

Insiders Place Their Bets

In other Laird Superfood news, CEO Jason D. Vieth purchased 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $5.37 per share, with a total value of $53,700.00. Following the completion of the acquisition, the chief executive officer now owns 684,969 shares of the company’s stock, valued at approximately $3,678,283.53. This trade represents a 1.48 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XTX Topco Ltd boosted its stake in Laird Superfood by 41.6% during the third 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 in the last quarter. Geode Capital Management LLC boosted its stake in Laird Superfood by 29.3% during the third quarter. Geode Capital Management LLC now owns 80,253 shares of the company’s stock valued at $398,000 after buying an additional 18,187 shares in the last quarter. Finley Financial LLC bought a new position in Laird Superfood during the fourth quarter valued at about $186,000. Two Sigma Investments LP boosted its stake in Laird Superfood by 17.1% during the fourth quarter. Two Sigma Investments LP now owns 68,137 shares of the company’s stock valued at $537,000 after buying an additional 9,944 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Laird Superfood in the 4th quarter valued at $234,000. Institutional investors own 8.56% of the company’s stock.

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.