Short Interest in Locafy Limited (NASDAQ:LCFY) Declines By 54.7%

Locafy Limited (NASDAQ:LCFY) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 5,800 shares, a decrease of 54.7% from the October 15th total of 12,800 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 23,800 shares, the short-interest ratio is presently 0.2 days.

Locafy Stock Performance

NASDAQ:LCFY traded up $0.96 on Wednesday, reaching $7.11. 109,449 shares of the company’s stock were exchanged, compared to its average volume of 395,153. The firm has a market cap of $9.10 million, a price-to-earnings ratio of -5.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a fifty day simple moving average of $5.99 and a 200-day simple moving average of $4.57. 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.