Short Interest in Locafy Limited (NASDAQ:LCFY) Declines By 14.3%

Locafy Limited (NASDAQ:LCFY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 3,000 shares, a drop of 14.3% from the February 28th total of 3,500 shares. Based on an average daily trading volume, of 19,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Locafy Price Performance

Shares of NASDAQ LCFY traded down $0.26 during trading hours on Thursday, reaching $4.55. 1,984 shares of the stock traded hands, compared to its average volume of 342,813. The company has a market capitalization of $6.28 million, a P/E ratio of -3.70 and a beta of 1.58. The company’s 50-day simple moving average is $6.56 and its two-hundred day simple moving average is $6.63. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. Locafy has a 52-week low of $2.20 and a 52-week high of $11.23.

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.