Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Decreases By 41.5%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 46,000 shares, a decline of 41.5% from the February 28th total of 78,600 shares. Based on an average daily volume of 81,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.

Insider Transactions at Laird Superfood

In related news, CEO Jason D. Vieth bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $5.37 per share, with a total value of $53,700.00. Following the completion of the transaction, the chief executive officer now owns 684,969 shares in the company, valued at $3,678,283.53. The trade was a 1.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.50% of the stock is currently owned by insiders.

Institutional Trading of Laird Superfood

Several institutional investors and hedge funds have recently added to or reduced their stakes in LSF. Jump Financial LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at about $87,000. Hillsdale Investment Management Inc. bought a new position in Laird Superfood during the fourth quarter worth about $101,000. XTX Topco Ltd grew its holdings in Laird Superfood by 41.6% during the third quarter. XTX Topco Ltd now owns 15,957 shares of the company’s stock worth $79,000 after purchasing an additional 4,690 shares during the period. Finley Financial LLC acquired a new position in Laird Superfood during the fourth quarter worth approximately $186,000. Finally, Cubist Systematic Strategies LLC raised its stake in Laird Superfood by 99.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 26,493 shares of the company’s stock valued at $209,000 after buying an additional 13,193 shares during the period. 8.56% of the stock is owned by institutional investors.

Laird Superfood Stock Down 10.3 %

LSF stock traded down $0.72 during mid-day trading on Friday, reaching $6.28. The company had a trading volume of 128,947 shares, compared to its average volume of 138,775. The company has a market cap of $64.62 million, a price-to-earnings ratio of -44.85 and a beta of 2.27. Laird Superfood has a 52 week low of $1.90 and a 52 week 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.