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

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the recipient of a significant drop in short interest in 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 daily trading volume, of 137,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Laird Superfood Stock Performance

Shares of Laird Superfood stock traded down $0.04 on Thursday, reaching $8.96. The company had a trading volume of 50,970 shares, compared to its average volume of 253,324. The stock has a market cap of $92.20 million, a price-to-earnings ratio of -64.00 and a beta of 2.20. Laird Superfood has a 1 year low of $0.71 and a 1 year high of $10.35.

Institutional Investors Weigh In On Laird Superfood

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in Laird Superfood by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock valued at $1,841,000 after purchasing an additional 151,679 shares during the last quarter. Geode Capital Management LLC raised its holdings in Laird Superfood by 29.3% in the 3rd 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. Dimensional Fund Advisors LP acquired a new position in shares of Laird Superfood during the second quarter valued at approximately $155,000. Virtu Financial LLC acquired a new position in shares of Laird Superfood during the first quarter valued at approximately $61,000. Finally, XTX Topco Ltd raised its holdings in shares of Laird Superfood by 41.6% during the third quarter. XTX Topco Ltd now owns 15,957 shares of the company’s stock valued at $79,000 after acquiring an additional 4,690 shares during the last quarter. 8.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.