Short Interest in Locafy Limited (NASDAQ:LCFY) Decreases By 70.0%

by · The Cerbat Gem

Locafy Limited (NASDAQ:LCFY – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 900 shares, a decline of 70.0% from the March 15th total of 3,000 shares. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Locafy Trading Up 0.4 %

LCFY stock traded up $0.02 during midday trading on Tuesday, hitting $3.99. 3,852 shares of the company’s stock were exchanged, compared to its average volume of 341,496. Locafy has a 1-year low of $2.20 and a 1-year high of $11.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.51 million, a PE ratio of -3.24 and a beta of 1.73. The business has a 50-day simple moving average of $5.77 and a two-hundred day simple moving average of $6.46.

About Locafy

(Get Free Report)

Locafy Limited operates as a software-as-a-service company (SaaS) that specializes in search engine marketing in Australia, New Zealand, Europe, North America, and internationally. The company operates in three segments: Publishing, Direct Sales, and Reseller Sales. It focuses on commercializing its SaaS online publishing technology platform that comprises an integrated suite of solutions.

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