Locafy Limited (NASDAQ:LCFY) Short Interest Down 57.5% in February

Locafy Limited (NASDAQ:LCFY) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 3,700 shares, a drop of 57.5% from the January 31st total of 8,700 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 23,200 shares, the short-interest ratio is presently 0.2 days.

Locafy Stock Performance

Shares of LCFY stock opened at $6.60 on Monday. The company’s fifty day simple moving average is $7.67 and its 200-day simple moving average is $6.62. Locafy has a 52 week low of $2.20 and a 52 week 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 company has a market cap of $9.12 million, a PE ratio of -5.37 and a beta of 1.52.

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.