Locafy Limited (NASDAQ:LCFY) Short Interest Update

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

Wall Street Analyst Weigh In

Several research firms have weighed in on LCFY. Wall Street Zen upgraded Locafy to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Locafy in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Locafy Stock Performance

Shares of NASDAQ LCFY remained flat at $3.12 during midday trading on Friday. The stock had a trading volume of 4,836 shares, compared to its average volume of 595,046. Locafy has a 12-month low of $2.51 and a 12-month high of $13.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $5.62 million, a price-to-earnings ratio of -3.00 and a beta of 1.93. The business’s 50-day moving average price is $3.93 and its 200 day moving average price is $4.72.

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