Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFYGet Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 4,300 shares, an increase of 13.2% from the April 15th total of 3,800 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Locafy Price Performance

LCFY opened at $3.10 on Wednesday. The business has a 50 day simple moving average of $4.27 and a 200-day simple moving average of $6.22. Locafy has a 12 month low of $2.50 and a 12 month high of $16.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Locafy (NASDAQ:LCFYGet Free Report) last released its earnings results on Tuesday, April 2nd. The company reported ($0.43) EPS for the quarter. Locafy had a negative net margin of 66.21% and a negative return on equity of 82.35%. The business had revenue of $0.84 million during the quarter.

About Locafy

(Get Free Report)

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.

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