Short Interest in Locafy Limited (NASDAQ:LCFY) Decreases By 15.8%

Locafy Limited (NASDAQ:LCFY) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 30,065 shares, a decline of 15.8% from the February 26th total of 35,722 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 21,650 shares, the short-interest ratio is currently 1.4 days.

Locafy Stock Performance

Shares of LCFY stock opened at $4.19 on Monday. Locafy has a 12-month low of $2.50 and a 12-month high of $13.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $7.54 million, a price-to-earnings ratio of -4.03 and a beta of 1.81. The business has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $4.29.

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.