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

Locafy Limited (NASDAQ:LCFY) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 677 shares, a decline of 91.1% from the August 15th total of 7,590 shares. Based on an average daily trading volume, of 5,273 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Locafy Stock Performance

LCFY stock traded down $0.17 during midday trading on Thursday, reaching $2.22. 8,673 shares of the company’s stock traded hands, compared to its average volume of 4,756. The firm has a market capitalization of $4.97 million, a PE ratio of -2.49 and a beta of 1.69. The company has a 50-day moving average price of $2.60 and a two-hundred day moving average price of $3.65. Locafy has a 52 week low of $2.10 and a 52 week high of $7.75.

Locafy (NASDAQ:LCFY) last posted its quarterly earnings results on Wednesday, July 1st. The company reported ($0.28) EPS for the quarter. The firm had revenue of $0.84 million during the quarter.

About Locafy

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.