Locafy Limited (NASDAQ:LCFY) Short Interest Down 70.0% in March

Locafy Limited (NASDAQ:LCFY) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 900 shares, a decline of 70.0% from the March 15th total of 3,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 17,900 shares, the days-to-cover ratio is currently 0.1 days.

Locafy Stock Performance

Shares of LCFY stock traded down $0.27 on Wednesday, hitting $3.73. The company’s stock had a trading volume of 5,872 shares, compared to its average volume of 340,143. Locafy has a fifty-two week low of $2.20 and a fifty-two week high of $11.23. The company has a market capitalization of $5.15 million, a PE ratio of -3.03 and a beta of 1.73. The stock’s 50 day moving average is $5.70 and its 200-day moving average is $6.44. 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.