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

Locafy Limited (NASDAQ:LCFY) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 900 shares, a decrease of 70.0% from the March 15th total of 3,000 shares. Based on an average trading volume of 17,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Locafy Price Performance

Shares of Locafy stock traded up $0.02 on Tuesday, hitting $3.99. 3,852 shares of the company were exchanged, compared to its average volume of 341,496. Locafy has a 1-year low of $2.20 and a 1-year high of $11.23. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.51 million, a price-to-earnings ratio of -3.24 and a beta of 1.73. The company has a 50-day moving average price of $5.77 and a 200 day moving average price of $6.46.

About Locafy

Locafy Limited operates as a software-as-a-service company (SaaS) that specializes in search engine marketing in Australia, New Zealand, Europe, North America, and internationally. The company operates in three segments: Publishing, Direct Sales, and Reseller Sales. It focuses on commercializing its SaaS online publishing technology platform that comprises an integrated suite of solutions.