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

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

Locafy Stock Performance

Shares of LCFY stock traded up $0.06 on Wednesday, hitting $1.20. 41,535 shares of the stock traded hands, compared to its average volume of 247,175. Locafy has a twelve month low of $1.10 and a twelve month high of $6.20. The firm’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $3.31. The stock has a market capitalization of $2.68 million, a PE ratio of -1.34 and a beta of 1.69.

Locafy Company Profile

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.