Leafly Holdings, Inc. (NASDAQ:LFLYW – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 9,000 shares, a drop of 10.0% from the June 30th total of 10,000 shares. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is currently 1.4 days.
Institutional Investors Weigh In On Leafly
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its stake in Leafly by 701.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 220,337 shares of the company’s stock valued at $38,000 after buying an additional 192,837 shares in the last quarter. Woodline Partners LP grew its stake in Leafly by 414.5% in the 2nd quarter. Woodline Partners LP now owns 60,200 shares of the company’s stock valued at $41,000 after buying an additional 48,500 shares in the last quarter. Finally, Walleye Capital LLC grew its stake in Leafly by 55.6% in the 2nd quarter. Walleye Capital LLC now owns 104,119 shares of the company’s stock valued at $71,000 after buying an additional 37,196 shares in the last quarter.
Leafly Stock Performance
NASDAQ:LFLYW opened at $0.04 on Wednesday. Leafly has a 52 week low of $0.02 and a 52 week high of $0.71. The firm has a 50-day moving average price of $0.03 and a two-hundred day moving average price of $0.05.
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.
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