Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,700 shares, an increase of 47.5% from the January 15th total of 5,900 shares. Based on an average trading volume of 26,400 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.8% of the shares of the company are short sold.

Locafy Trading Up 4.5 %

NASDAQ LCFY opened at $7.48 on Friday. 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 $10.32 million, a P/E ratio of -6.08 and a beta of 1.52. Locafy has a 52-week low of $2.20 and a 52-week high of $11.23. The firm has a 50-day moving average price of $7.50 and a 200 day moving average price of $6.42.

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.