Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Drops By 21.1%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 99,449 shares, a decrease of 21.1% from the February 26th total of 125,998 shares. Based on an average daily trading volume, of 46,844 shares, the short-interest ratio is presently 2.1 days. Currently, 1.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Maxim Group decreased their price target on Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Laird Superfood presently has a consensus rating of “Strong Buy” and an average target price of $6.00.

Hedge Funds Weigh In On Laird Superfood

A number of institutional investors have recently modified their holdings of the stock. Crewe Advisors LLC acquired a new position in shares of Laird Superfood in the 4th quarter valued at about $36,000. XTX Topco Ltd grew its holdings in Laird Superfood by 71.5% during the fourth quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock worth $44,000 after acquiring an additional 8,209 shares during the period. Steadtrust LLC purchased a new position in Laird Superfood during the fourth quarter valued at approximately $44,000. Virtu Financial LLC purchased a new position in Laird Superfood during the fourth quarter valued at approximately $57,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Laird Superfood by 24.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock valued at $71,000 after acquiring an additional 6,178 shares during the period. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Price Performance

LSF traded up $0.02 during trading on Tuesday, reaching $2.15. 13,986 shares of the company’s stock were exchanged, compared to its average volume of 80,883. Laird Superfood has a 1 year low of $1.96 and a 1 year high of $7.94. The company’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $3.40. The stock has a market capitalization of $22.98 million, a P/E ratio of -6.94 and a beta of 2.42.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings data on Thursday, March 26th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). Laird Superfood had a negative return on equity of 19.67% and a negative net margin of 6.52%. Equities analysts forecast that Laird Superfood will post -0.16 EPS for the current year.

About Laird Superfood

Laird Superfood, Inc (NYSE American: LSF) is a consumer wellness company specializing in plant-based superfood and functional beverage products. Founded in 2015 by big-wave surfer and entrepreneur Laird Hamilton, the company develops creamers, coffees, hydration mixes and culinary superfood blends designed to deliver energy, focus and nutritional support. Laird Superfood’s offerings leverage premium ingredients such as coconut milk, aquamin sea minerals, functional mushrooms and adaptogens to address growing consumer demand for clean-label, nutrient-rich alternatives.

The company’s core product lines include coconut-based coffee creamers, plant-based creamers, instant coffee blends combined with superfood ingredients, hydration mixes and culinary seasonings.