Short Interest in Locafy Limited (NASDAQ:LCFY) Grows By 173.0%

Locafy Limited (NASDAQ:LCFY) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 81,900 shares, a growth of 173.0% from the August 31st total of 30,000 shares. Based on an average trading volume of 2,180,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 7.3% of the shares of the company are short sold. Approximately 7.3% of the shares of the company are short sold. Based on an average trading volume of 2,180,000 shares, the days-to-cover ratio is currently 0.0 days.

Locafy Stock Down 1.1%

Shares of LCFY opened at $7.22 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.62 and a current ratio of 1.62. Locafy has a one year low of $2.51 and a one year high of $13.98. The stock has a market capitalization of $9.96 million, a price-to-earnings ratio of -5.87 and a beta of 1.97. The stock has a 50 day moving average price of $5.55 and a 200 day moving average price of $4.81.

Locafy (NASDAQ:LCFY) last issued its quarterly earnings results on Friday, August 29th. The company reported ($0.29) EPS for the quarter. The company had revenue of $0.51 million during the quarter.

Analyst Upgrades and Downgrades

LCFY has been the subject of a number of analyst reports. Wall Street Zen raised Locafy to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings restated a “sell (d)” rating on shares of Locafy in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.