Local Bounti Co. (NYSE:LOCL) Short Interest Update

Local Bounti Co. (NYSE:LOCL) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 62,400 shares, a decrease of 32.3% from the January 15th total of 92,200 shares. Based on an average daily trading volume, of 18,900 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.8% of the company’s stock are short sold.

Local Bounti Stock Performance

NYSE LOCL traded up $0.01 during trading on Friday, hitting $2.28. The stock had a trading volume of 11,704 shares, compared to its average volume of 10,516. Local Bounti has a 12 month low of $1.18 and a 12 month high of $3.33. The company’s 50-day moving average price is $2.06 and its two-hundred day moving average price is $2.28. The company has a market capitalization of $19.74 million, a PE ratio of -0.13 and a beta of 2.23.

Insider Activity

In other Local Bounti news, Director Jennifer Carr-Smith sold 21,237 shares of Local Bounti stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $1.48, for a total value of $31,430.76. Following the sale, the director now owns 14,880 shares of the company’s stock, valued at $22,022.40. This trade represents a 58.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 24,297 shares of company stock worth $40,389 over the last quarter. 38.10% of the stock is currently owned by company insiders.

Institutional Trading of Local Bounti

An institutional investor recently bought a new position in Local Bounti stock. Walleye Trading LLC purchased a new position in shares of Local Bounti Co. (NYSE:LOCL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 24,001 shares of the company’s stock, valued at approximately $50,000. Walleye Trading LLC owned approximately 0.28% of Local Bounti at the end of the most recent reporting period. 28.01% of the stock is currently owned by hedge funds and other institutional investors.

About Local Bounti

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.