Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,000 shares, a decline of 14.3% from the February 28th total of 3,500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 19,500 shares, the short-interest ratio is presently 0.2 days.

Locafy Trading Up 7.8 %

Locafy stock traded up $0.36 during midday trading on Wednesday, reaching $4.99. The stock had a trading volume of 2,452 shares, compared to its average volume of 18,905. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.90 million, a price-to-earnings ratio of -4.06 and a beta of 1.58. Locafy has a 52-week low of $2.20 and a 52-week high of $11.23. The company has a fifty day moving average of $6.64 and a 200 day moving average of $6.64.

About Locafy

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.