Locafy Limited (NASDAQ:LCFY) Short Interest Down 15.8% in March
by Tristan Rich · The Markets DailyLocafy Limited (NASDAQ:LCFY – Get Free Report) saw a large 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. Based on an average daily volume of 21,650 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.3% of the shares of the company are short sold.
Locafy Price Performance
LCFY traded down $0.02 during trading on Wednesday, reaching $4.34. 3,063 shares of the company were exchanged, compared to its average volume of 729,141. Locafy has a 12-month low of $2.50 and a 12-month high of $13.98. The company’s 50-day moving average is $3.93 and its two-hundred day moving average is $4.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The company has a market cap of $7.81 million, a price-to-earnings ratio of -4.17 and a beta of 1.81.
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.