Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 2,713 shares, a growth of 300.7% from the August 31st total of 677 shares. Based on an average daily volume of 6,159 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Locafy Trading Down 2.5%

Shares of Locafy stock traded down $0.07 during mid-day trading on Friday, reaching $2.52. 40,840 shares of the stock were exchanged, compared to its average volume of 4,947. Locafy has a fifty-two week low of $2.10 and a fifty-two week high of $7.75. The firm has a 50-day simple moving average of $2.47 and a 200 day simple moving average of $3.49. The company has a market cap of $5.65 million, a price-to-earnings ratio of -2.83 and a beta of 1.69.

Locafy (NASDAQ:LCFY) last announced its earnings results on Wednesday, July 1st. The company reported ($0.28) EPS for the quarter. The firm had revenue of $0.84 million during 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.