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

Locafy Limited (NASDAQ:LCFY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 16,400 shares, an increase of 182.8% from the October 31st total of 5,800 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.5% of the shares of the company are sold short.

Locafy Price Performance

NASDAQ LCFY opened at $7.40 on Friday. The business’s fifty day moving average is $6.12 and its 200 day moving average is $4.86. Locafy has a fifty-two week low of $2.20 and a fifty-two week high of $11.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $10.23 million, a PE ratio of -6.02 and a beta of 1.24.

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.