Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Down 25.9% in May

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 25,700 shares, a drop of 25.9% from the April 30th total of 34,700 shares. Currently, 0.4% of the company's shares are short sold. Based on an average daily volume of 76,100 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Laird Superfood

Institutional investors have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in Laird Superfood in the fourth quarter worth about $87,000. Hillsdale Investment Management Inc. bought a new stake in shares of Laird Superfood in the 4th quarter valued at about $101,000. Cubist Systematic Strategies LLC lifted its position in shares of Laird Superfood by 99.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company's stock worth $209,000 after purchasing an additional 13,193 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Laird Superfood in the 4th quarter worth approximately $234,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Laird Superfood by 75.3% during the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company's stock valued at $282,000 after purchasing an additional 19,806 shares in the last quarter. 8.56% of the stock is owned by hedge funds and other institutional investors.

Laird Superfood Trading Up 2.4%

LSF traded up $0.16 on Wednesday, reaching $6.66. 2,256 shares of the company traded hands, compared to its average volume of 117,395. The firm has a market capitalization of $68.49 million, a P/E ratio of -47.54 and a beta of 2.27. Laird Superfood has a one year low of $2.92 and a one year high of $10.90. The firm has a fifty day moving average price of $6.10.

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.