Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 16,400 shares, an increase of 182.8% from the October 31st total of 5,800 shares. Based on an average daily volume of 25,000 shares, the short-interest ratio is presently 0.7 days. Currently, 1.5% of the company’s stock are short sold.

Locafy Stock Up 2.8 %

Shares of LCFY stock traded up $0.20 on Friday, reaching $7.40. 25,345 shares of the stock were exchanged, compared to its average volume of 377,206. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $6.12 and its 200 day moving average price is $4.86. The company has a market capitalization of $10.23 million, a price-to-earnings ratio of -6.02 and a beta of 1.24. Locafy has a twelve month low of $2.20 and a twelve month high of $11.23.

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.