Locafy Limited (NASDAQ:LCFY) Sees Significant Decline in Short Interest

Locafy Limited (NASDAQ:LCFY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,708 shares, a decline of 85.5% from the November 30th total of 11,766 shares. Based on an average trading volume of 18,240 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 18,240 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

LCFY has been the subject of several recent research reports. Wall Street Zen upgraded Locafy to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Locafy in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Locafy Stock Up 0.5%

Shares of Locafy stock traded up $0.02 during midday trading on Wednesday, reaching $3.17. 3,190 shares of the company’s stock traded hands, compared to its average volume of 597,445. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.09 and a current ratio of 1.09. Locafy has a 52 week low of $2.51 and a 52 week high of $13.98. The company’s 50 day simple moving average is $4.01 and its 200 day simple moving average is $4.74. The company has a market cap of $5.69 million, a price-to-earnings ratio of -3.04 and a beta of 1.93.

Locafy (NASDAQ:LCFY) last posted its earnings results on Wednesday, November 12th. The company reported ($0.29) EPS for the quarter. The business had revenue of $0.53 million for the quarter.

Locafy Company Profile

Locafy (NASDAQ:LCFY) is a technology company that offers a cloud-based software platform designed to streamline and automate local search marketing for multi-location businesses. Through its SaaS solution, Locafy enables brands to create, manage and optimize location-specific web pages and digital assets at scale, ensuring consistent and accurate information across search engines and online directories.

The Locafy platform leverages machine learning and automation to generate on-page SEO content, manage business listings and track local search performance.