Locafy Limited (NASDAQ:LCFY) Short Interest Down 25.3% in March

Locafy Limited (NASDAQ:LCFY) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 22,452 shares, a decrease of 25.3% from the March 15th total of 30,065 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 8,863 shares, the short-interest ratio is currently 2.5 days.

Insider Activity at Locafy

In related news, COO Jason Dale Jackson acquired 9,285 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average price of $4.20 per share, with a total value of $38,997.00. Following the completion of the transaction, the chief operating officer owned 11,050 shares of the company’s stock, valued at approximately $46,410. This represents a 526.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 28.70% of the company’s stock.

Locafy Stock Performance

Shares of LCFY traded up $0.02 during trading hours on Wednesday, reaching $4.61. 12,156 shares of the company traded hands, compared to its average volume of 637,966. The stock’s fifty day moving average is $4.21 and its 200 day moving average is $4.11. The stock has a market cap of $8.29 million, a P/E ratio of -4.43 and a beta of 1.80. Locafy has a 1-year low of $2.50 and a 1-year high of $13.98.

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.