Locafy Limited (NASDAQ:LCFY – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,590 shares, a growth of 2,364.3% from the July 30th total of 308 shares. Based on an average daily volume of 11,410 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the company’s stock are sold short.
Locafy Price Performance
NASDAQ LCFY traded up $0.10 during trading hours on Tuesday, reaching $2.39. 3,794 shares of the company’s stock were exchanged, compared to its average volume of 11,433. The company’s 50-day moving average is $2.89 and its two-hundred day moving average is $3.73. Locafy has a one year low of $2.10 and a one year high of $7.75.
Locafy (NASDAQ:LCFY – Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported ($0.28) EPS for the quarter. The business had revenue of $0.84 million for 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.
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