Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Significant Growth in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 40,500 shares, a growth of 26.6% from the January 31st total of 32,000 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 79,800 shares, the short-interest ratio is presently 0.5 days.

Insider Transactions at Laird Superfood

In other Laird Superfood news, CEO Jason D. Vieth acquired 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $5.37 per share, for a total transaction of $53,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 684,969 shares of the company’s stock, valued at approximately $3,678,283.53. This trade represents a 1.48 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors have recently added to or reduced their stakes in LSF. XTX Topco Ltd increased its position 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 buying an additional 4,690 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Laird Superfood by 29.3% during the 3rd quarter. Geode Capital Management LLC now owns 80,253 shares of the company’s stock worth $398,000 after acquiring an additional 18,187 shares during the last quarter. Finley Financial LLC acquired a new position in shares of Laird Superfood during the 4th quarter worth approximately $186,000. Hillsdale Investment Management Inc. acquired a new stake in Laird Superfood during the 4th quarter valued at $101,000. Finally, Renaissance Technologies LLC boosted its position in Laird Superfood by 20.0% during the fourth 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 period. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Laird Superfood Stock Up 5.3 %

LSF stock opened at $5.52 on Friday. Laird Superfood has a twelve month low of $0.76 and a twelve month high of $10.90. The company has a market capitalization of $56.80 million, a price-to-earnings ratio of -39.43 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.