Short Interest in Laird Superfood, Inc. (NYSEAMERICAN:LSF) Declines By 39.6%

Laird Superfood, Inc. (NYSEAMERICAN:LSF) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 61,342 shares, a decline of 39.6% from the May 14th total of 101,580 shares. Based on an average daily volume of 63,405 shares, the short-interest ratio is presently 1.0 days. Approximately 2.5% of the shares of the company are short sold.

Laird Superfood Stock Up 14.6%

NYSEAMERICAN:LSF traded up $0.59 on Tuesday, reaching $4.64. The stock had a trading volume of 259,167 shares, compared to its average volume of 55,762. The company has a market capitalization of $51.04 million, a P/E ratio of -25.78 and a beta of 2.72. Laird Superfood has a 1-year low of $1.96 and a 1-year high of $7.80. The stock has a fifty day moving average price of $3.14 and a 200-day moving average price of $2.78.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.24. The business had revenue of $13.94 million for the quarter, compared to analysts’ expectations of $14.51 million. Laird Superfood had a negative net margin of 3.41% and a negative return on equity of 35.26%. Sell-side analysts predict that Laird Superfood will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gregory B. Graves bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of $3.45 per share, with a total value of $51,750.00. Following the completion of the transaction, the director directly owned 75,089 shares in the company, valued at $259,057.05. This represents a 24.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Grant J. Lamontagne bought 27,160 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $89,628.00. Following the completion of the transaction, the director owned 142,454 shares of the company’s stock, valued at $470,098.20. This represents a 23.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 105,736 shares of company stock valued at $350,104 in the last three months. 77.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Laird Superfood

Large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Laird Superfood in the 4th quarter valued at about $57,000. XTX Topco Ltd increased its stake in shares of Laird Superfood by 71.5% in the 4th quarter. XTX Topco Ltd now owns 19,691 shares of the company’s stock valued at $44,000 after acquiring an additional 8,209 shares during the last quarter. Mink Brook Asset Management LLC grew its holdings in shares of Laird Superfood by 159.8% during the fourth quarter. Mink Brook Asset Management LLC now owns 222,432 shares of the company’s stock worth $494,000 after buying an additional 136,826 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Laird Superfood during the fourth quarter worth about $73,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Laird Superfood by 24.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,943 shares of the company’s stock worth $71,000 after buying an additional 6,178 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research downgraded Laird Superfood from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Maxim Group dropped their price target on shares of Laird Superfood from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.00.

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.