Locafy Limited (NASDAQ:LCFY) Sees Large Growth in Short Interest

Locafy Limited (NASDAQ:LCFY) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 8,700 shares, a growth of 47.5% from the January 15th total of 5,900 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 26,400 shares, the short-interest ratio is presently 0.3 days.

Locafy Stock Performance

Locafy stock opened at $7.48 on Friday. The firm’s 50 day simple moving average is $7.50 and its 200-day simple moving average is $6.42. The company has a market cap of $10.32 million, a P/E ratio of -6.08 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.92 and a quick ratio of 0.92. Locafy has a fifty-two week low of $2.20 and a fifty-two week high of $11.23.

Locafy Company Profile

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.