Locafy Limited (NASDAQ:LCFY) Short Interest Down 22.4% in April

Locafy Limited (NASDAQ:LCFY) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 3,800 shares, a decline of 22.4% from the March 31st total of 4,900 shares. Based on an average daily volume of 3,900 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short.

Locafy Price Performance

Shares of NASDAQ LCFY traded down $0.03 during trading on Friday, hitting $3.54. 1,030 shares of the company were exchanged, compared to its average volume of 3,694. Locafy has a 1 year low of $3.50 and a 1 year high of $16.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.85 and a quick ratio of 1.07. The firm’s fifty day moving average price is $5.01 and its 200 day moving average price is $6.50. The company has a market cap of $4.52 million, a price-to-earnings ratio of -1.62 and a beta of 1.13.

Locafy (NASDAQ:LCFY) last released its quarterly earnings data on Tuesday, April 2nd. The company reported ($0.43) EPS for the quarter. Locafy had a negative return on equity of 115.46% and a negative net margin of 68.40%. The business had revenue of $0.84 million during the quarter.

Locafy Company Profile

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.