Locafy Limited (NASDAQ:LCFY) Short Interest Up 2,364.3% in August

Locafy Limited (NASDAQ:LCFY) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,590 shares, a growth of 2,364.3% from the July 30th total of 308 shares. Based on an average trading volume of 11,410 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Locafy Stock Performance

Shares of NASDAQ:LCFY opened at $2.39 on Wednesday. The stock’s 50-day moving average is $2.89 and its 200-day moving average is $3.73. The company has a market cap of $5.36 million, a P/E ratio of -2.69 and a beta of 1.67. Locafy has a 52-week low of $2.10 and a 52-week high of $7.75.

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

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.