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

Locafy Limited (NASDAQ:LCFY – Get Rating) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 6,400 shares, a drop of 5.9% from the February 13th total of 6,800 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 8,200 shares, the short-interest ratio is currently 0.8 days.

Locafy Stock Performance

NASDAQ:LCFY opened at $9.25 on Thursday. Locafy has a 12 month low of $4.06 and a 12 month high of $90.00. The company’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $4.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Locafy stock. Jane Street Group LLC bought a new position in shares of Locafy Limited (NASDAQ:LCFY – Get Rating) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 62,554 shares of the company’s stock, valued at approximately $146,000.

Locafy Company Profile

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Locafy Limited operates as a software-as-a-service company (SaaS) that specializes in local search engine marketing in Australia, Europe, the United States, and internationally. It focuses on commercializing its SaaS online publishing technology platform that comprises an integrated suite of solutions, such as listings, landing pages, locators, and marketplace for improving the local online presence for business owners.