Short Interest in Leafly Holdings, Inc. (NASDAQ:LFLY) Grows By 475.0%

Leafly Holdings, Inc. (NASDAQ:LFLY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 62,100 shares, an increase of 475.0% from the September 15th total of 10,800 shares. Based on an average daily volume of 591,100 shares, the short-interest ratio is presently 0.1 days. Currently, 2.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and issued a $9.18 target price on shares of Leafly in a research report on Monday, August 12th.

Hedge Funds Weigh In On Leafly

A hedge fund recently bought a new stake in Leafly stock. Renaissance Technologies LLC acquired a new position in shares of Leafly Holdings, Inc. (NASDAQ:LFLY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned approximately 0.66% of Leafly as of its most recent filing with the Securities & Exchange Commission. 15.55% of the stock is owned by hedge funds and other institutional investors.

Leafly Stock Up 1.0 %

Shares of NASDAQ LFLY traded up $0.02 during midday trading on Friday, hitting $1.97. The stock had a trading volume of 31,520 shares, compared to its average volume of 460,704. The company has a market capitalization of $4.86 million, a PE ratio of -0.61 and a beta of 0.93. The stock has a 50 day simple moving average of $1.98 and a 200-day simple moving average of $2.20. Leafly has a 1 year low of $1.37 and a 1 year high of $9.31.

Leafly (NASDAQ:LFLY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.55) EPS for the quarter. The company had revenue of $8.72 million during the quarter.

About Leafly

Leafly Holdings, Inc owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.