Local Bounti Corporation (NYSE:LOCL) Short Interest Update

Key Points

• Short interest fell sharply—down 27.8% to 56,288 shares as of April 15, leaving a short-interest ratio of 0.7 days and only 0.3% of shares sold short.
• The company reported earnings of (−$0.38) per share, beating estimates by $0.22 while revenue of $12.46 million missed the $15.00 million estimate; shares traded at $2.04 with a market cap of about $45.6 million and a 52‑week range of $0.98–$3.99.
• Institutional and hedge fund ownership stands at 28.01%, with several firms recently initiating or adding small stakes (notably Walleye Capital’s roughly $691,000 position).

Local Bounti Corporation (NYSE:LOCL - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 56,288 shares, a decrease of 27.8% from the March 31st total of 77,940 shares. Based on an average daily volume of 80,663 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company's shares are sold short.

Local Bounti Stock Performance

Local Bounti stock traded down $0.25 during trading hours on Friday, reaching $2.04. 84,382 shares of the company's stock traded hands, compared to its average volume of 4,331,386. Local Bounti has a fifty-two week low of $0.98 and a fifty-two week high of $3.99. The firm has a market capitalization of $45.58 million, a price-to-earnings ratio of -0.27 and a beta of 2.78. The firm's 50 day moving average is $1.52 and its 200-day moving average is $2.10.

Local Bounti (NYSE:LOCL - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.60) by $0.22. The business had revenue of $12.46 million for the quarter, compared to analyst estimates of $15.00 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Outfitters Financial LLC acquired a new position in Local Bounti during the 3rd quarter valued at about $45,000. Walleye Trading LLC bought a new stake in shares of Local Bounti in the 4th quarter valued at about $50,000. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of Local Bounti in the 4th quarter valued at about $121,000. Finally, Walleye Capital LLC bought a new stake in shares of Local Bounti in the 4th quarter valued at about $691,000. 28.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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