Locafy Limited (NASDAQ:LCFY) Stock Short Interest Climbs 252.6%

Locafy Limited (NASDAQ:LCFY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,807 shares, an increase of 252.6% from the September 30th total of 796 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 328,671 shares, the days-to-cover ratio is presently 0.0 days.

Locafy Stock Up 1.7%

NASDAQ LCFY traded up $0.02 on Thursday, hitting $1.19. 410 shares of the stock were exchanged, compared to its average volume of 245,977. Locafy has a fifty-two week low of $1.10 and a fifty-two week high of $6.20. The company has a market cap of $2.67 million, a PE ratio of -1.34 and a beta of 1.69. The company has a 50-day moving average price of $2.08 and a 200-day moving average price of $3.31.

About Locafy

Locafy Limited is a technology company that develops software and services for local search engine optimization and digital marketing. Its platform is designed to help businesses improve their visibility in online search results, particularly for location-based queries.

The company’s products support the creation, management and optimization of digital location pages and other online content intended to connect businesses with customers in specific geographic markets. Locafy serves businesses and marketing organizations seeking to strengthen local online presence, generate leads and manage search-related content at scale.

Locafy is headquartered in Australia and has marketed its technology to customers in multiple English-speaking markets, including Australia, New Zealand, the United States and the United Kingdom.