Local Bounti Corporation (NYSE:LOCL) Short Interest Update

Local Bounti Corporation (NYSE:LOCL) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 52,479 shares, a drop of 14.5% from the January 29th total of 61,385 shares. Based on an average daily trading volume, of 19,277 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 19,277 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On Local Bounti

Several hedge funds have recently bought and sold shares of the company. Outfitters Financial LLC acquired a new position in shares of Local Bounti in the 3rd quarter valued at approximately $45,000. Walleye Trading LLC bought a new position in Local Bounti in the fourth quarter valued at approximately $50,000. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new position in Local Bounti during the fourth quarter valued at approximately $121,000. BBR Partners LLC lifted its stake in Local Bounti by 564.7% during the second quarter. BBR Partners LLC now owns 194,696 shares of the company’s stock worth $456,000 after purchasing an additional 165,403 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Local Bounti in the 4th quarter valued at $691,000. 28.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Local Bounti in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Local Bounti Stock Performance

NYSE:LOCL opened at $1.09 on Friday. The company has a market cap of $24.28 million, a price-to-earnings ratio of -0.10 and a beta of 2.13. Local Bounti has a fifty-two week low of $1.01 and a fifty-two week high of $5.75. The stock has a fifty day moving average price of $1.98 and a 200-day moving average price of $2.41.

About Local Bounti

Local Bounti Inc is a technology-driven indoor farming company that cultivates non-GMO leafy greens, microgreens and culinary herbs in controlled environment agriculture (CEA) facilities. By leveraging its proprietary Hybrid Growing System, the company maintains precise control over lighting, temperature and nutrient delivery, enabling year-round production of high-quality produce free from pesticides and seasonality constraints.

Headquartered in Montana, Local Bounti operates multiple cultivation centers across the United States, each designed to maximize water efficiency and minimize land use.