Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Increases By 25.2%

Key Points

• Laird Superfood experienced a significant increase in short interest, rising by 25.2% in August to a total of 56,600 shares.
• Analysts have upgraded Laird Superfood to a "strong-buy" rating with a consensus target price of $12.00.
• Institutional investors own 8.56% of Laird Superfood's stock, with significant recent investments from firms like AWM Investment and Two Sigma Investments.

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 56,600 shares, a growth of 25.2% from the August 15th total of 45,200 shares. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is presently 1.5 days.

Laird Superfood Stock Up 2.3%

LSF stock traded up $0.14 during midday trading on Friday, hitting $6.10. The company's stock had a trading volume of 37,147 shares, compared to its average volume of 28,729. The firm has a market capitalization of $65.03 million, a price-to-earnings ratio of -55.45 and a beta of 2.17. Laird Superfood has a 12 month low of $3.76 and a 12 month high of $10.90. The company has a 50 day moving average of $6.27 and a two-hundred day moving average of $6.19.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LSF shares. Craig Hallum raised shares of Laird Superfood to a "strong-buy" rating in a research report on Thursday, July 10th. Maxim Group upgraded Laird Superfood to a "strong-buy" rating and set a $12.00 price objective for the company in a research note on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Strong Buy" and a consensus price target of $12.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in Laird Superfood during the 2nd quarter valued at $102,000. Evernest Financial Advisors LLC purchased a new stake in Laird Superfood during the 2nd quarter valued at $211,000. Citadel Advisors LLC purchased a new stake in Laird Superfood during the 4th quarter valued at $234,000. Acadian Asset Management LLC raised its holdings in Laird Superfood by 75.3% during the 1st quarter. Acadian Asset Management LLC now owns 46,104 shares of the company's stock valued at $282,000 after buying an additional 19,806 shares during the period. Finally, HighTower Advisors LLC raised its holdings in Laird Superfood by 7.1% during the 1st quarter. HighTower Advisors LLC now owns 75,471 shares of the company's stock valued at $464,000 after buying an additional 4,975 shares during the period. 8.56% of the stock is currently owned by institutional investors.

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.