Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 3,700 shares, a decline of 57.5% from the January 31st total of 8,700 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is currently 0.2 days.

Locafy Price Performance

Shares of NASDAQ:LCFY traded up $0.13 during trading on Friday, reaching $6.60. The company had a trading volume of 2,946 shares, compared to its average volume of 20,793. The company has a fifty day moving average of $7.67 and a two-hundred day moving average of $6.62. Locafy has a 12 month low of $2.20 and a 12 month high of $11.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $9.12 million, a P/E ratio of -5.37 and a beta of 1.52.

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.