Locafy Limited (NASDAQ:LCFY) Short Interest Down 85.5% in December

Locafy Limited (NASDAQ:LCFY) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,708 shares, a decrease of 85.5% from the November 30th total of 11,766 shares. Based on an average trading volume of 18,240 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 18,240 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LCFY shares. Wall Street Zen upgraded Locafy to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Locafy in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Locafy currently has a consensus rating of “Sell”.

Locafy Stock Up 0.5%

NASDAQ:LCFY traded up $0.02 during trading hours on Wednesday, hitting $3.17. 3,190 shares of the company’s stock traded hands, compared to its average volume of 597,445. The stock’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $4.74. The firm has a market cap of $5.69 million, a P/E ratio of -3.04 and a beta of 1.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.09 and a current ratio of 1.09. Locafy has a twelve month low of $2.51 and a twelve month high of $13.98.

Locafy (NASDAQ:LCFY) last released its earnings results on Wednesday, November 12th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $0.53 million during the quarter.

Locafy Company Profile

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.