Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 5,800 shares, a drop of 54.7% from the October 15th total of 12,800 shares. Based on an average trading volume of 23,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are short sold.

Locafy Stock Up 15.6 %

Shares of LCFY stock traded up $0.96 during trading hours on Wednesday, reaching $7.11. The company had a trading volume of 109,449 shares, compared to its average volume of 395,153. The business has a fifty day simple moving average of $5.99 and a 200-day simple moving average of $4.57. Locafy has a 12 month low of $2.20 and a 12 month high of $11.23. The company has a market cap of $9.10 million, a price-to-earnings ratio of -5.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

About Locafy

Locafy Limited operates as a software-as-a-service company (SaaS) that specializes in search engine marketing in Australia, New Zealand, Europe, North America, and internationally. The company operates in three segments: Publishing, Direct Sales, and Reseller Sales. It focuses on commercializing its SaaS online publishing technology platform that comprises an integrated suite of solutions.