Locafy Limited (NASDAQ:LCFY) Short Interest Up 2,364.3% in August

Locafy Limited (NASDAQ:LCFY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,590 shares, a growth of 2,364.3% from the July 30th total of 308 shares. Based on an average daily volume of 11,410 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the company’s shares are sold short.

Locafy Trading Up 4.4%

LCFY traded up $0.10 during mid-day trading on Tuesday, hitting $2.39. The stock had a trading volume of 3,794 shares, compared to its average volume of 11,433. The stock’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $3.73. Locafy has a 1-year low of $2.10 and a 1-year high of $7.75.

Locafy (NASDAQ:LCFY) last announced its quarterly earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm 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.