Locafy Limited (NASDAQ:LCFY – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 9,204 shares, a drop of 47.8% from the June 15th total of 17,621 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 15,967 shares, the days-to-cover ratio is currently 0.6 days.
Locafy Stock Performance
LCFY stock traded down $0.15 during trading on Thursday, reaching $2.82. The company had a trading volume of 12,132 shares, compared to its average volume of 344,005. The company has a market cap of $5.08 million, a price-to-earnings ratio of -3.17 and a beta of 1.64. Locafy has a twelve month low of $2.50 and a twelve month high of $7.75. The firm has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $3.87.
Locafy (NASDAQ:LCFY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $0.84 million for 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.
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