Laird Superfood, Inc. (NYSEAMERICAN:LSF) Short Interest Down 26.0% in May

Laird Superfood, Inc. (NYSEAMERICAN:LSF) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 181,100 shares, a decrease of 26.0% from the May 15th total of 244,600 shares. Based on an average daily volume of 637,900 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Roth Mkm raised shares of Laird Superfood from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $1.30 to $4.50 in a research report on Thursday, May 9th. Canaccord Genuity Group raised shares of Laird Superfood to a “strong-buy” rating in a research report on Thursday, May 9th. Roth Capital raised shares of Laird Superfood from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Laird Superfood from $2.50 to $3.50 and gave the stock a “buy” rating in a research report on Thursday, May 9th.

Laird Superfood Stock Performance

Laird Superfood stock traded up $0.63 during mid-day trading on Friday, reaching $4.58. The company’s stock had a trading volume of 553,629 shares, compared to its average volume of 304,189. Laird Superfood has a 12-month low of $0.71 and a 12-month high of $5.36. The company has a market capitalization of $44.01 million, a P/E ratio of -6.03 and a beta of 2.08. The firm’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $0.94.

Laird Superfood (NYSEAMERICAN:LSF) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The firm had revenue of $9.91 million during the quarter, compared to analyst estimates of $9.30 million. Laird Superfood had a negative net margin of 19.53% and a negative return on equity of 52.42%. On average, research analysts predict that Laird Superfood will post -0.24 EPS for the current fiscal year.

Institutional Trading of Laird Superfood

An institutional investor recently bought a new position in Laird Superfood stock. Virtu Financial LLC acquired a new position in shares of Laird Superfood, Inc. (NYSEAMERICAN:LSF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,561 shares of the company’s stock, valued at approximately $61,000. Virtu Financial LLC owned about 0.27% of Laird Superfood as of its most recent filing with the Securities and Exchange Commission. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Laird Superfood Company Profile

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.