Locafy Limited (NASDAQ:LCFY) Short Interest Down 22.4% in April

Locafy Limited (NASDAQ:LCFY) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,800 shares, a decrease of 22.4% from the March 31st total of 4,900 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 1.0 days. Currently, 0.4% of the shares of the stock are short sold.

Locafy Price Performance

Shares of NASDAQ LCFY traded down $0.03 during mid-day trading on Friday, reaching $3.54. The company’s stock had a trading volume of 1,030 shares, compared to its average volume of 3,694. The stock has a 50-day moving average of $5.01 and a two-hundred day moving average of $6.50. The stock has a market capitalization of $4.52 million, a P/E ratio of -1.62 and a beta of 1.13. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 0.85. Locafy has a 1-year low of $3.50 and a 1-year high of $16.79.

Locafy (NASDAQ:LCFY) last issued its earnings results on Tuesday, April 2nd. The company reported ($0.43) EPS for the quarter. The business had revenue of $0.84 million during the quarter. Locafy had a negative net margin of 68.40% and a negative return on equity of 115.46%.

Locafy Company Profile

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.