Short Interest in Locafy Limited (NASDAQ:LCFY) Declines By 38.6%

Locafy Limited (NASDAQ:LCFY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 13,700 shares, a drop of 38.6% from the November 30th total of 22,300 shares. Based on an average daily trading volume, of 23,100 shares, the short-interest ratio is presently 0.6 days. Currently, 1.3% of the company’s stock are sold short.

Locafy Trading Up 2.8 %

NASDAQ LCFY opened at $6.92 on Friday. The firm has a market cap of $9.56 million, a PE ratio of -5.63 and a beta of 1.46. Locafy has a 52 week low of $2.20 and a 52 week high of $11.23. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $6.32 and a 200 day moving average price of $5.35.

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.