Local Bounti Corporation (NYSE:LOCL) Short Interest Update

Posted by Geri Gentry on Jun 15th, 2026

Local Bounti Corporation (NYSE:LOCL – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 81,723 shares, a drop of 52.1% from the May 14th total of 170,499 shares. Based on an average daily trading volume, of 43,445 shares, the short-interest ratio is currently 1.9 days. Currently, 0.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Local Bounti from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Report on LOCL

Local Bounti Stock Performance

Shares of NYSE:LOCL traded down $0.01 on Monday, reaching $1.34. The company’s stock had a trading volume of 36,787 shares, compared to its average volume of 34,063. Local Bounti has a 52-week low of $0.98 and a 52-week high of $4.00. The company has a market cap of $30.55 million, a P/E ratio of -0.36 and a beta of 2.68. The company has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.86.

Local Bounti (NYSE:LOCL – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.53) EPS for the quarter, hitting analysts’ consensus estimates of ($0.53). The firm had revenue of $13.34 million for the quarter, compared to analysts’ expectations of $19.00 million.

Hedge Funds Weigh In On Local Bounti

Large investors have recently made changes to their positions in the company. Walleye Trading LLC purchased a new position in shares of Local Bounti during the 4th quarter worth about $50,000. Outfitters Financial LLC boosted its stake in shares of Local Bounti by 99.4% during the 4th quarter. Outfitters Financial LLC now owns 30,291 shares of the company’s stock worth $65,000 after purchasing an additional 15,099 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new position in shares of Local Bounti during the 4th quarter worth about $121,000. Finally, Walleye Capital LLC purchased a new position in shares of Local Bounti during the 4th quarter worth about $691,000. 28.01% of the stock is owned by hedge funds and other institutional investors.

About Local Bounti

(Get Free Report)

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.

Receive News & Ratings for Local Bounti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Local Bounti and related companies with MarketBeat.com's FREE daily email newsletter.