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

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

Locafy Stock Performance

NASDAQ LCFY opened at $4.19 on Monday. The firm’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $4.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.09 and a current ratio of 1.09. Locafy has a twelve month low of $2.50 and a twelve month high of $13.98. The stock has a market cap of $7.54 million, a price-to-earnings ratio of -4.03 and a beta of 1.81.

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.