Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Declines By 50.2%

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 43,000 shares, a decline of 50.2% from the March 31st total of 86,300 shares. Based on an average daily trading volume, of 78,500 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are short sold.

Insider Activity

In other news, CEO Jason D. Vieth acquired 10,000 shares of Laird Superfood stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $5.37 per share, for a total transaction of $53,700.00. Following the completion of the purchase, the chief executive officer now directly owns 684,969 shares of the company's stock, valued at approximately $3,678,283.53. This represents a 1.48 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Laird Superfood

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Laird Superfood by 29.3% in the third quarter. Geode Capital Management LLC now owns 80,253 shares of the company's stock worth $398,000 after acquiring an additional 18,187 shares during the last quarter. Finley Financial LLC acquired a new position in Laird Superfood during the 4th quarter worth approximately $186,000. Hillsdale Investment Management Inc. bought a new position in Laird Superfood in the 4th quarter valued at approximately $101,000. Renaissance Technologies LLC boosted its position in Laird Superfood by 20.0% in the fourth quarter. Renaissance Technologies LLC now owns 313,800 shares of the company's stock valued at $2,473,000 after buying an additional 52,300 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Laird Superfood during the fourth quarter worth $471,000. 8.56% of the stock is currently owned by institutional investors.

Laird Superfood Stock Performance

Shares of Laird Superfood stock traded down $0.15 on Friday, reaching $6.14. 33,137 shares of the stock were exchanged, compared to its average volume of 124,457. The stock has a market cap of $63.18 million, a price-to-earnings ratio of -43.85 and a beta of 2.27. The firm's 50 day simple moving average is $5.48. Laird Superfood has a one year low of $2.39 and a one year high of $10.90.

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.