Short Interest in Locafy Limited (NASDAQ:LCFY) Decreases By 47.8%

Locafy Limited (NASDAQ:LCFY) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,204 shares, a drop of 47.8% from the June 15th total of 17,621 shares. Based on an average trading volume of 15,967 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are sold short.

Locafy Trading Down 10.3%

NASDAQ LCFY traded down $0.29 during midday trading on Friday, hitting $2.53. The company had a trading volume of 24,641 shares, compared to its average volume of 341,639. The company has a market capitalization of $4.55 million, a PE ratio of -2.84 and a beta of 1.64. The firm has a 50-day moving average price of $3.67 and a 200-day moving average price of $3.87. Locafy has a twelve month low of $2.50 and a twelve month high of $7.75.

Locafy (NASDAQ:LCFY) last released its earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $0.84 million during the quarter.

Locafy Company Profile

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.