Short Interest in Locafy Limited (NASDAQ:LCFY) Drops By 91.1%

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

Locafy Trading Down 0.7%

LCFY traded down $0.01 during midday trading on Friday, hitting $2.21. The company’s stock had a trading volume of 1,521 shares, compared to its average volume of 5,118. Locafy has a 52-week low of $2.10 and a 52-week high of $7.75. The firm has a 50-day moving average price of $2.58 and a two-hundred day moving average price of $3.64. The firm has a market cap of $4.94 million, a P/E ratio of -2.48 and a beta of 1.69.

Locafy (NASDAQ:LCFY) last announced its quarterly earnings data on Wednesday, July 1st. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $0.84 million for the quarter.

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.