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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its position in shares of Laird Superfood by 75.3% in the first quarter. Acadian Asset Management LLC now owns 46,104 shares of the company’s stock worth $282,000 after purchasing an additional 19,806 shares during the last quarter. Geode Capital Management LLC lifted its position in Laird Superfood by 3.0% during the second quarter. Geode Capital Management LLC now owns 85,300 shares of the company’s stock valued at $538,000 after purchasing an additional 2,483 shares during the last quarter. XTX Topco Ltd bought a new stake in Laird Superfood during the second quarter valued at approximately $102,000. Archon Capital Management LLC grew its stake in Laird Superfood by 8.9% in the 2nd quarter. Archon Capital Management LLC now owns 88,340 shares of the company’s stock worth $557,000 after buying an additional 7,184 shares in the last quarter. Finally, AWM Investment Company Inc. grew its stake in Laird Superfood by 33.2% in the 2nd quarter. AWM Investment Company Inc. now owns 599,411 shares of the company’s stock worth $3,776,000 after buying an additional 149,519 shares in the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Laird Superfood Stock Performance

Shares of LSF stock opened at $2.05 on Friday. The company has a market capitalization of $21.91 million, a PE ratio of -6.61 and a beta of 2.42. Laird Superfood has a 52-week low of $1.96 and a 52-week high of $7.94. The business’s fifty day moving average is $2.75 and its 200 day moving average is $3.44.

Laird Superfood (NYSEAMERICAN:LSF) last posted its earnings results on Thursday, March 26th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The business had revenue of $13.35 million for the quarter, compared to analysts’ expectations of $13.14 million. Laird Superfood had a negative return on equity of 19.67% and a negative net margin of 6.52%. On average, sell-side analysts forecast that Laird Superfood will post -0.16 EPS for the current fiscal 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.