Locafy Limited (NASDAQ:LCFY) Short Interest Down 57.5% in February

Locafy Limited (NASDAQ:LCFY) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,700 shares, a drop of 57.5% from the January 31st total of 8,700 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 0.2 days.

Locafy Stock Up 2.0 %

Shares of NASDAQ LCFY opened at $6.60 on Monday. Locafy has a 1 year low of $2.20 and a 1 year high of $11.23. The firm’s 50 day moving average price is $7.67 and its 200 day moving average price is $6.62. The firm has a market cap of $9.12 million, a P/E ratio of -5.37 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.92.

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.