Locafy Limited (NASDAQ:LCFY) Short Interest Update

Locafy Limited (NASDAQ:LCFY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 147,400 shares, a growth of 6,041.7% from the June 30th total of 2,400 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 0.1 days. Approximately 14.9% of the shares of the company are short sold.

Locafy Trading Down 1.2 %

LCFY opened at $4.94 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $3.35 and a 200-day moving average price of $4.75. Locafy has a twelve month low of $2.20 and a twelve month high of $11.23.

Locafy (NASDAQ:LCFY) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.34) EPS for the quarter. Locafy had a negative net margin of 66.21% and a negative return on equity of 82.35%. The firm had revenue of $0.60 million during the quarter.

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.