Short Interest in Locafy Limited (NASDAQ:LCFY) Decreases By 15.8%

Locafy Limited (NASDAQ:LCFY) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 30,065 shares, a decline of 15.8% from the February 26th total of 35,722 shares. Based on an average daily trading volume, of 21,650 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.3% of the shares of the company are short sold.

Locafy Stock Performance

LCFY traded up $0.16 during midday trading on Tuesday, hitting $4.36. 6,693 shares of the company traded hands, compared to its average volume of 741,053. The company’s 50-day moving average is $3.92 and its 200 day moving average is $4.28. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $7.85 million, a PE ratio of -4.19 and a beta of 1.81. Locafy has a 52 week low of $2.50 and a 52 week high of $13.98.

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.