Laird Superfood, Inc. (NYSEAMERICAN:LSF – Get Free Report) 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
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.
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