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

Locafy Limited (NASDAQ:LCFY) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 796 shares, a decline of 70.7% from the September 15th total of 2,713 shares. Based on an average daily trading volume, of 7,117 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Locafy Stock Performance

Locafy stock traded down $0.12 during midday trading on Monday, hitting $1.62. 13,410 shares of the company were exchanged, compared to its average volume of 260,693. The firm has a market capitalization of $3.63 million, a PE ratio of -1.82 and a beta of 1.69. Locafy has a fifty-two week low of $1.33 and a fifty-two week high of $6.20. The business has a fifty day simple moving average of $2.40 and a two-hundred day simple moving average of $3.32.

Locafy Company Profile

Locafy Limited is an Australian technology company that develops software for local search marketing. Its platform is designed to help businesses improve their visibility in online search results, particularly for location-based queries made by nearby customers.

The company’s solutions support the creation, optimization and distribution of localized web pages and digital content. These tools are intended for local businesses, marketing agencies and other organizations seeking to promote products and services across multiple geographic locations while managing local search campaigns more efficiently.

Locafy has focused on serving customers in markets including Australia, the United States and the United Kingdom.