Leafly Holdings, Inc. (NASDAQ:LFLY) Short Interest Up 153.2% in March

Leafly Holdings, Inc. (NASDAQ:LFLY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 35,700 shares, a growth of 153.2% from the February 29th total of 14,100 shares. Based on an average daily volume of 30,600 shares, the short-interest ratio is currently 1.2 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Leafly

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Leafly by 215.8% during the third quarter. BlackRock Inc. now owns 1,327,123 shares of the company’s stock valued at $901,000 after purchasing an additional 906,927 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Leafly during the 1st quarter valued at $2,692,000. Baader Bank Aktiengesellschaft raised its holdings in Leafly by 600.0% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 350,000 shares of the company’s stock valued at $228,000 after acquiring an additional 300,000 shares during the period. CI Private Wealth LLC purchased a new position in Leafly in the 4th quarter worth approximately $95,000. Finally, Verition Fund Management LLC purchased a new position in shares of Leafly in the fourth quarter worth $94,000. Institutional investors own 15.55% of the company’s stock.

Leafly Trading Down 2.3 %

NASDAQ LFLY traded down $0.07 during trading hours on Thursday, hitting $2.96. 102,277 shares of the company’s stock traded hands, compared to its average volume of 34,601. Leafly has a 52 week low of $2.06 and a 52 week high of $16.00. The firm has a market capitalization of $6.45 million, a P/E ratio of -0.37 and a beta of 1.06. The business’s fifty day moving average price is $3.46 and its two-hundred day moving average price is $6.48.

Leafly Company Profile

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 brands; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications.