Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Large Decline in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF - Get Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 18,400 shares, a decrease of 28.4% from the May 15th total of 25,700 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 61,600 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Laird Superfood

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

Laird Superfood Stock Performance

Shares of LSF traded up $0.23 during mid-day trading on Friday, reaching $6.27. The stock had a trading volume of 34,951 shares, compared to its average volume of 95,429. Laird Superfood has a 52-week low of $3.40 and a 52-week high of $10.90. The company has a fifty day moving average of $6.39. The stock has a market capitalization of $66.27 million, a price-to-earnings ratio of -62.70 and a beta of 2.22.

Laird Superfood Company Profile

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.