Leafly Holdings, Inc. (NASDAQ:LFLYW – Get Rating) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 54,200 shares, an increase of 6.3% from the November 30th total of 51,000 shares. Based on an average trading volume of 24,700 shares, the short-interest ratio is presently 2.2 days.
Leafly Price Performance
Shares of NASDAQ:LFLYW opened at $0.06 on Wednesday. The stock's 50-day moving average price is $0.08 and its two-hundred day moving average price is $0.27. Leafly has a 12-month low of $0.03 and a 12-month high of $1.88.
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Institutional Trading of Leafly
A number of hedge funds have recently added to or reduced their stakes in the business. LMR Partners LLP boosted its stake in Leafly by 7.6% in the 3rd quarter. LMR Partners LLP now owns 2,329,972 shares of the company's stock worth $1,582,000 after buying an additional 164,696 shares during the last quarter. Linden Advisors LP acquired a new stake in Leafly in the 3rd quarter worth about $56,000. Cohanzick Management LLC acquired a new stake in Leafly in the 1st quarter worth about $390,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Leafly in the 1st quarter worth about $373,000. Finally, Skaana Management L.P. boosted its stake in Leafly by 1,318.0% in the 2nd quarter. Skaana Management L.P. now owns 272,814 shares of the company's stock worth $186,000 after buying an additional 253,574 shares during the last quarter.
About Leafly
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Leafly Holdings, Inc owns and operates an online cannabis information resource for medical marijuana patients and seasoned consumers. The company's platform provides information on cannabis flowers, topicals, edibles, concentrates, and other products; medical dispensaries, recreational stores, and doctors; and strains.
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