Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 16,400 shares, an increase of 182.8% from the October 31st total of 5,800 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 25,000 shares, the short-interest ratio is presently 0.7 days.

Locafy Price Performance

Shares of LCFY opened at $7.20 on Thursday. The firm has a market capitalization of $9.94 million, a price-to-earnings ratio of -5.85 and a beta of 1.24. The firm’s fifty day simple moving average is $6.04 and its 200-day simple moving average is $4.80. Locafy has a twelve month low of $2.20 and a twelve month high of $11.23. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.06.

About Locafy

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.