Locafy Limited (NASDAQ:LCFY) Sees Significant Drop in Short Interest

Locafy Limited (NASDAQ:LCFY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 677 shares, a drop of 91.1% from the August 15th total of 7,590 shares. Based on an average trading volume of 5,273 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Locafy Stock Down 7.1%

NASDAQ:LCFY traded down $0.17 during mid-day trading on Thursday, hitting $2.22. 8,673 shares of the stock traded hands, compared to its average volume of 4,756. The business’s 50-day moving average price is $2.60 and its 200 day moving average price is $3.65. The company has a market cap of $4.97 million, a PE ratio of -2.49 and a beta of 1.69. Locafy has a 12-month low of $2.10 and a 12-month high of $7.75.

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

Locafy Company Profile

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.