Locafy Limited (NASDAQ:LCFY – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,590 shares, a growth of 2,364.3% from the July 30th total of 308 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,410 shares, the days-to-cover ratio is presently 0.7 days.
Locafy Price Performance
Shares of NASDAQ:LCFY opened at $2.35 on Thursday. Locafy has a 1 year low of $2.10 and a 1 year high of $7.75. The firm has a market capitalization of $5.26 million, a price-to-earnings ratio of -2.64 and a beta of 1.67. The business’s 50 day moving average price is $2.86 and its 200-day moving average price is $3.73.
Locafy (NASDAQ:LCFY – Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share (EPS) for the quarter. The company had revenue of $0.84 million for 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.
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