Short Interest in Leafly Holdings, Inc. (NASDAQ:LFLY) Increases By 22.5%

Posted by Faye Duncan on Dec 2nd, 2024

Leafly Holdings, Inc. (NASDAQ:LFLY – Get Free Report) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 38,700 shares, an increase of 22.5% from the October 31st total of 31,600 shares. Based on an average daily volume of 602,900 shares, the short-interest ratio is presently 0.1 days. Currently, 1.4% of the shares of the stock are sold short.

Leafly Price Performance

NASDAQ LFLY traded up $0.01 on Monday, hitting $1.48. 4,188 shares of the stock were exchanged, compared to its average volume of 397,410. Leafly has a 52-week low of $1.32 and a 52-week high of $6.40. The company has a market capitalization of $4.56 million, a price-to-earnings ratio of -0.64 and a beta of 0.95. The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $1.96.

Analyst Upgrades and Downgrades

Separately, Westpark Capital reissued a “buy” rating and set a $9.18 target price on shares of Leafly in a report on Friday, November 8th.

Check Out Our Latest Report on Leafly

Institutional Investors Weigh In On Leafly

A hedge fund recently bought a new stake in Leafly stock. Renaissance Technologies LLC acquired a new stake in Leafly Holdings, Inc. (NASDAQ:LFLY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,301 shares of the company’s stock, valued at approximately $33,000. Renaissance Technologies LLC owned about 0.66% of Leafly at the end of the most recent quarter. 15.55% of the stock is currently owned by institutional investors.

About Leafly

(Get Free Report)

Leafly Holdings, Inc owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.