Locafy Limited (NASDAQ:LCFY) Sees Significant Decrease in Short Interest

Locafy Limited (NASDAQ:LCFY) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 308 shares, a decrease of 84.2% from the July 15th total of 1,944 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 14,545 shares, the short-interest ratio is presently 0.0 days.

Locafy Trading Up 0.7%

Shares of Locafy stock traded up $0.02 on Friday, hitting $2.74. 774 shares of the company traded hands, compared to its average volume of 299,197. The company has a market cap of $6.14 million, a P/E ratio of -3.08 and a beta of 1.67. Locafy has a 12-month low of $2.10 and a 12-month high of $7.75. The firm’s 50-day simple moving average is $3.03 and its 200 day simple moving average is $3.75.

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