Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Decreases By 40.3%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 29,000 shares, a drop of 40.3% from the October 31st total of 48,600 shares. Based on an average trading volume of 137,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Roth Mkm restated a “buy” rating and set a $12.00 target price (up from $8.00) on shares of Laird Superfood in a report on Thursday, November 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Laird Superfood by 86.2% in the second quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock worth $1,841,000 after buying an additional 151,679 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Laird Superfood in the second quarter worth $155,000. Virtu Financial LLC purchased a new stake in Laird Superfood in the first quarter worth $61,000. Geode Capital Management LLC grew its stake in 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 purchasing an additional 18,187 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Laird Superfood in the second quarter worth $63,000. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Trading Down 0.4 %

NYSEAMERICAN LSF traded down $0.04 during mid-day trading on Thursday, hitting $8.96. The company’s stock had a trading volume of 50,970 shares, compared to its average volume of 253,324. Laird Superfood has a twelve month low of $0.71 and a twelve month high of $10.35. The company has a market cap of $92.20 million, a P/E ratio of -64.00 and a beta of 2.20.

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.