Leafly Holdings, Inc. (NASDAQ:LFLY) Short Interest Update

Leafly Holdings, Inc. (NASDAQ:LFLY) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 19,800 shares, a drop of 17.5% from the July 31st total of 24,000 shares. Based on an average daily volume of 727,900 shares, the short-interest ratio is currently 0.0 days. Currently, 0.9% of the shares of the company are short sold.

Leafly Price Performance

Shares of NASDAQ:LFLY remained flat at $1.85 during midday trading on Friday. 20,084 shares of the stock traded hands, compared to its average volume of 11,846. The company’s 50-day moving average price is $2.10 and its 200 day moving average price is $2.40. Leafly has a 1-year low of $1.37 and a 1-year high of $16.00.

Leafly (NASDAQ:LFLY) last issued its earnings results on Thursday, August 8th. The company reported ($0.55) earnings per share for the quarter. The firm had revenue of $8.72 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reissued a “buy” rating and set a $9.18 price objective on shares of Leafly in a research report on Monday, August 12th.

Institutional Trading of Leafly

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in shares of Leafly in the second quarter valued at about $33,000. Cohanzick Management LLC acquired a new stake in shares of Leafly in the fourth quarter valued at about $139,000. Finally, AXS Investments LLC lifted its stake in shares of Leafly by 63.5% in the fourth quarter. AXS Investments LLC now owns 118,337 shares of the company’s stock valued at $569,000 after purchasing an additional 45,963 shares during the period. Institutional investors and hedge funds own 15.55% of the company’s stock.

About Leafly

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.