Locafy Limited (NASDAQ:LCFY) Sees Significant Growth in Short Interest

Locafy Limited (NASDAQ:LCFY) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 42,136 shares, a growth of 2,795.9% from the January 15th total of 1,455 shares. Based on an average trading volume of 4,180,271 shares, the short-interest ratio is presently 0.0 days. Currently, 3.3% of the shares of the stock are short sold. Currently, 3.3% of the shares of the stock are short sold. Based on an average trading volume of 4,180,271 shares, the short-interest ratio is presently 0.0 days.

Locafy Trading Down 0.6%

Shares of NASDAQ LCFY traded down $0.02 during trading on Tuesday, reaching $3.15. The company had a trading volume of 20,170 shares, compared to its average volume of 1,643,242. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. Locafy has a 12 month low of $2.50 and a 12 month high of $13.98. The company’s fifty day moving average price is $3.34 and its 200-day moving average price is $4.45. The stock has a market cap of $5.67 million, a P/E ratio of -3.03 and a beta of 1.95.

Locafy (NASDAQ:LCFY) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.29) EPS for the quarter. The business had revenue of $0.53 million for 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.