Locafy Limited (NASDAQ:LCFY) Sees Large Growth in Short Interest

Locafy Limited (NASDAQ:LCFYGet Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,500 shares, a growth of 60.7% from the January 15th total of 2,800 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 1.2 days.

Locafy Price Performance

Shares of NASDAQ LCFY opened at $6.26 on Tuesday. Locafy has a 1 year low of $5.49 and a 1 year high of $16.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day moving average is $8.09 and its 200 day moving average is $7.23. The stock has a market capitalization of $8.01 million, a P/E ratio of -1.57 and a beta of 1.26.

Locafy (NASDAQ:LCFYGet Free Report) last announced its quarterly earnings results on Monday, November 27th. The company reported ($0.41) earnings per share (EPS) for the quarter. Locafy had a negative net margin of 102.60% and a negative return on equity of 219.58%. The company had revenue of $0.71 million for the quarter.

Hedge Funds Weigh In On Locafy

A hedge fund recently bought a new stake in Locafy stock. Jane Street Group LLC purchased a new stake in shares of Locafy Limited (NASDAQ:LCFYFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 62,554 shares of the company’s stock, valued at approximately $146,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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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