Laird Superfoods, Inc. (NYSEAMERICAN:LSF) Short interest fell 5.3% in August

Laird Superfoods, Inc. ( NYSEAMERICAN:LSF – Get Your Free Report ) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 148,600 shares, a decrease of 5.3% from the July 31st total of 156,900 shares. About 2.3% of the stock’s shares are short-sold. Based on an average daily volume of 183,100 shares, the short interest rate is currently 0.8 days.

Laird Superfood Price Performance

Laird Superfood stock opened at $3.85 on Monday. The stock has a market cap of $39.58 million, a PE ratio of -5.07 and a beta of 2.29. The firm has a 50-day simple moving average of $1.07. Laird Superfood has a 12-month low of $0.71 and a 12-month high of $6.46.

Laird Superfood (NYSEAMERICAN:LSF – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.07. The firm had revenue of $10.00 million for the quarter, compared to analyst estimates of $9.70 million. Laird Superfood had a negative net margin of 9.84% and a negative return on equity of 31.42%. equities analysts forecast that Laird Superfood will post -0.15 EPS for the current fiscal year.

The Wall Street analyst weighs in

Several analysts recently issued reports on the company. Canaccord Genuity Group raised Laird Superfood to a “strong-buy” rating in a report on Thursday, May 9th. Canaccord Genuity Group upped their price target on shares of Laird Superfood from $2.50 to $3.50 and gave the company a “buy” rating in a research note on Thursday, May 9th. Roth Mkm reiterated a “buy” rating and set a $6.00 target price (up from $4.50) on shares of Laird Superfood in a report on Thursday, August 8th. Finally, Roth Capital raised shares of Laird Superfood from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th.

Read our latest report on LSF

Institutional inputs and outputs

Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Laird Superfood in the second quarter valued at $63,000. Renaissance Technologies LLC lifted its position in shares of Laird Superfood by 86.2% in the second quarter. Renaissance Technologies LLC now owns 327,600 shares of the company’s stock worth $1,841,000 after purchasing an additional 151,679 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Laird Superfood during the second quarter valued at about $155,000. Finally, Virtu Financial LLC acquired a new position in Laird Superfood in the first quarter valued at about $61,000. Hedge funds and other institutional investors own 8.56% of the company’s shares.

About Laird Superfood

(Get a free report)

Laird Superfood, Inc manufactures and markets natural and functional plant-based foods in the United States. The company supplies powdered and liquid coffee creamers and hydration and beverage enhancement supplements; hydrates coconut water products; mushroom performance supplements; functional products, organic roasts and instant coffee, tea, hot chocolate; snacks for harvesting; and other food products.

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