Laird Superfood, Inc. (NYSEAMERICAN:LSF) Sees Large Decrease in Short Interest

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 77,935 shares, a decline of 22.7% from the January 15th total of 100,784 shares. Based on an average daily volume of 148,260 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 148,260 shares, the days-to-cover ratio is presently 0.5 days.

Laird Superfood Price Performance

Shares of NYSEAMERICAN LSF traded down $0.03 during midday trading on Tuesday, reaching $2.88. The company’s stock had a trading volume of 75,709 shares, compared to its average volume of 111,684. The stock has a market capitalization of $30.79 million, a P/E ratio of -16.00 and a beta of 2.38. The firm has a 50 day moving average price of $2.62 and a 200-day moving average price of $4.12. Laird Superfood has a 12-month low of $1.98 and a 12-month high of $7.94.

Institutional Investors Weigh In On Laird Superfood

A number of hedge funds have recently made changes to their positions in LSF. Crewe Advisors LLC purchased a new position in shares of Laird Superfood in the 4th quarter worth about $36,000. Steadtrust LLC bought a new stake in Laird Superfood in the fourth quarter worth about $44,000. Goldman Sachs Group Inc. boosted its stake 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 last quarter. Jane Street Group LLC purchased a new position in Laird Superfood in the fourth quarter valued at about $73,000. Finally, XTX Topco Ltd bought a new position in shares of Laird Superfood during the 2nd quarter valued at approximately $102,000. 8.56% of the stock is currently owned by institutional investors.

Laird Superfood Company Profile

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.