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 August. As of August 31st, there was short interest totaling 677 shares, a decline of 91.1% from the August 15th total of 7,590 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 5,273 shares, the short-interest ratio is currently 0.1 days.

Locafy Stock Performance

NASDAQ LCFY traded up $0.03 during mid-day trading on Friday, reaching $2.25. 1,445 shares of the stock were exchanged, compared to its average volume of 267,112. The stock has a market capitalization of $5.03 million, a PE ratio of -2.52 and a beta of 1.69. Locafy has a 1-year low of $2.10 and a 1-year high of $7.75. The business’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $3.65.

Locafy (NASDAQ:LCFY) last issued its quarterly earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share for the quarter. The business 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.