Short Interest in Leafly Holdings, Inc. (NASDAQ:LFLY) Rises By 153.2%

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

Leafly Stock Performance

NASDAQ:LFLY traded down $0.07 during mid-day trading on Thursday, reaching $2.96. 102,277 shares of the company’s stock were exchanged, compared to its average volume of 34,601. The firm has a market capitalization of $6.45 million, a PE ratio of -0.37 and a beta of 1.06. Leafly has a one year low of $2.06 and a one year high of $16.00. The business’s fifty day simple moving average is $3.46 and its two-hundred day simple moving average is $6.48.

Institutional Investors Weigh In On Leafly

Several institutional investors have recently made changes to their positions in LFLY. Advisor Group Holdings Inc. acquired a new position in shares of Leafly in the 1st quarter valued at approximately $93,000. JPMorgan Chase & Co. bought a new stake in Leafly during the first quarter worth $41,000. BlackRock Inc. bought a new position in shares of Leafly in the 1st quarter valued at $2,585,000. Vanguard Group Inc. acquired a new position in shares of Leafly during the 1st quarter worth $2,692,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Leafly in the first quarter valued at about $124,000. 15.55% of the stock is currently owned by institutional investors.

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