Locafy Limited (NASDAQ:LCFY) Stock Short Interest Rises 300.7%

Locafy Limited (NASDAQ:LCFY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,713 shares, a growth of 300.7% from the August 31st total of 677 shares. Based on an average daily volume of 6,159 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Locafy Price Performance

Shares of LCFY traded down $0.06 during trading hours on Friday, hitting $2.52. The stock had a trading volume of 40,840 shares, compared to its average volume of 7,597. Locafy has a 1-year low of $2.10 and a 1-year high of $7.75. The firm has a market capitalization of $5.65 million, a P/E ratio of -2.84 and a beta of 1.69. The firm has a 50 day simple moving average of $2.47 and a 200-day simple moving average of $3.49.

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

Locafy Company Profile

Locafy Limited is an Australian search-engine-optimization technology company that helps businesses improve their visibility in local online search. The company develops software and digital marketing solutions designed to help businesses create, optimize and manage location-focused web content.

Locafy’s offerings are aimed primarily at small and midsized businesses, digital marketing agencies and other organizations seeking to attract customers in specific geographic markets. Its platform supports the creation of localized landing pages and related search-optimization activities intended to improve online discoverability and generate customer leads.

Founded in Australia, Locafy serves customers across international markets, including Australia, North America and the United Kingdom.