Locafy Limited (NASDAQ:LCFY – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 2,713 shares, an increase of 300.7% from the August 31st total of 677 shares. Based on an average daily trading volume, of 6,159 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.
Locafy Stock Performance
Shares of NASDAQ:LCFY traded down $0.07 during midday trading on Friday, reaching $2.52. 40,840 shares of the company’s stock were exchanged, compared to its average volume of 4,947. The company’s 50 day simple moving average is $2.47 and its two-hundred day simple moving average is $3.49. Locafy has a 12 month low of $2.10 and a 12 month high of $7.75. The firm has a market capitalization of $5.65 million, a PE ratio of -2.83 and a beta of 1.69.
Locafy (NASDAQ:LCFY – Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $0.84 million for the quarter.
Locafy Company Profile
Locafy Limited is an Australian search-engine-optimization technology company that helps businesses improve their visibility in local online search. The company develops software and digital marketing solutions designed to help businesses create, optimize and manage location-focused web content.
Locafy’s offerings are aimed primarily at small and midsized businesses, digital marketing agencies and other organizations seeking to attract customers in specific geographic markets. Its platform supports the creation of localized landing pages and related search-optimization activities intended to improve online discoverability and generate customer leads.
Founded in Australia, Locafy serves customers across international markets, including Australia, North America and the United Kingdom.
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