Short Interest in Locafy Limited (NASDAQ:LCFY) Expands By 47.5%

Locafy Limited (NASDAQ:LCFY) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 8,700 shares, a growth of 47.5% from the January 15th total of 5,900 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 26,400 shares, the days-to-cover ratio is presently 0.3 days.

Locafy Trading Up 4.5 %

LCFY opened at $7.48 on Friday. The stock has a market capitalization of $10.32 million, a PE ratio of -6.08 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. Locafy has a 12-month low of $2.20 and a 12-month high of $11.23. The firm’s fifty day moving average price is $7.50 and its 200 day moving average price is $6.42.

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.