Locafy Limited (NASDAQ:LCFYW – Get Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,200 shares, a drop of 33.3% from the August 15th total of 1,800 shares. Based on an average trading volume of 450 shares, the days-to-cover ratio is presently 2.7 days.
Locafy Stock Down 12.0%
Locafy stock opened at $5.00 on Friday. The stock’s 50 day moving average is $4.55 and its 200 day moving average is $4.28. Locafy has a one year low of $1.01 and a one year high of $12.94.
About Locafy
Locafy Inc is a professional services outsourcing firm specializing in nearshore delivery of regulated functions such as legal, finance and accounting. The company connects North American organizations with dedicated teams located in Latin America, offering staff augmentation, project-based support and managed services designed to enhance operational efficiency and compliance.
Headquartered in Los Angeles, California, Locafy operates delivery centers across key Latin American markets to serve clients in the United States and Canada.
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