Short Interest in Locafy Limited (NASDAQ:LCFY) Drops By 84.2%

Locafy Limited (NASDAQ:LCFY) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 308 shares, a drop of 84.2% from the July 15th total of 1,944 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 14,545 shares, the days-to-cover ratio is currently 0.0 days.

Locafy Price Performance

LCFY remained flat at $2.70 during trading hours on Wednesday. The company had a trading volume of 26,296 shares, compared to its average volume of 303,087. The company’s 50-day moving average price is $3.08 and its 200-day moving average price is $3.76. The firm has a market capitalization of $6.05 million, a price-to-earnings ratio of -3.03 and a beta of 1.67. Locafy has a one year low of $2.10 and a one year high of $7.75.

Locafy (NASDAQ:LCFY) last released its earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share 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.