Locafy Limited (NASDAQ:LCFY) Stock Short Interest Rises 252.6%

Locafy Limited (NASDAQ:LCFY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,807 shares, a growth of 252.6% from the September 30th total of 796 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 328,671 shares, the short-interest ratio is presently 0.0 days.

Locafy Trading Down 5.1%

NASDAQ:LCFY traded down $0.06 on Friday, reaching $1.09. 1,974 shares of the stock traded hands, compared to its average volume of 244,798. The company has a market capitalization of $2.44 million, a price-to-earnings ratio of -1.23 and a beta of 1.69. Locafy has a 12 month low of $1.10 and a 12 month high of $6.20. The company’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $3.30.

About Locafy

Locafy Limited is a technology company that develops software and services for local search engine optimization and digital marketing. Its platform is designed to help businesses improve their visibility in online search results, particularly for location-based queries.

The company’s products support the creation, management and optimization of digital location pages and other online content intended to connect businesses with customers in specific geographic markets. Locafy serves businesses and marketing organizations seeking to strengthen local online presence, generate leads and manage search-related content at scale.

Locafy is headquartered in Australia and has marketed its technology to customers in multiple English-speaking markets, including Australia, New Zealand, the United States and the United Kingdom.