Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Down 41.5% in March

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

Insiders Place Their Bets

In other Laird Superfood news, CEO Jason D. Vieth purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $5.37 per share, with a total value of $53,700.00. Following the acquisition, the chief executive officer now owns 684,969 shares of the company’s stock, valued at $3,678,283.53. The trade was a 1.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Laird Superfood

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSF. Renaissance Technologies LLC increased its stake in shares of Laird Superfood by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 313,800 shares of the company’s stock worth $2,473,000 after purchasing an additional 52,300 shares during the last quarter. Marshall Wace LLP acquired a new position in Laird Superfood during the fourth quarter worth $1,422,000. Manatuck Hill Partners LLC bought a new position in Laird Superfood during the fourth quarter valued at about $670,000. Geode Capital Management LLC lifted its position 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 buying an additional 18,187 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Laird Superfood by 17.1% in the fourth quarter. Two Sigma Investments LP now owns 68,137 shares of the company’s stock worth $537,000 after buying an additional 9,944 shares during the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Trading Down 10.3 %

Laird Superfood stock opened at $6.28 on Monday. Laird Superfood has a fifty-two week low of $1.90 and a fifty-two week high of $10.90. The company has a market capitalization of $64.62 million, a PE ratio of -44.85 and a beta of 2.27.

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.