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

Locafy Limited (NASDAQ:LCFY) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 796 shares, a drop of 70.7% from the September 15th total of 2,713 shares. Based on an average trading volume of 7,117 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Locafy Stock Performance

Shares of Locafy stock traded down $0.12 on Monday, hitting $1.62. The company’s stock had a trading volume of 13,410 shares, compared to its average volume of 260,693. Locafy has a 1 year low of $1.33 and a 1 year high of $6.20. The firm has a fifty day moving average price of $2.40 and a 200-day moving average price of $3.32. The company has a market capitalization of $3.63 million, a price-to-earnings ratio of -1.82 and a beta of 1.69.

About Locafy

Locafy Limited is an Australian technology company that develops software for local search marketing. Its platform is designed to help businesses improve their visibility in online search results, particularly for location-based queries made by nearby customers.

The company’s solutions support the creation, optimization and distribution of localized web pages and digital content. These tools are intended for local businesses, marketing agencies and other organizations seeking to promote products and services across multiple geographic locations while managing local search campaigns more efficiently.

Locafy has focused on serving customers in markets including Australia, the United States and the United Kingdom.