Locafy (LCFY) Short Interest Ratio & Short Volume

Short interest is the volume of Locafy shares that have been sold short but have not yet been covered or closed out. As of December 15th, traders have sold 13,700 shares of LCFY short. 1.25% of Locafy's shares are currently sold short. Learn More on Locafy's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. LCFY shares currently have a short interest ratio of 1.0. Learn More on Locafy's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 1.25% of Locafy's floating shares are currently sold short.

Locafy saw a drop in short interest in the month of December. As of December 15th, there was short interest totaling 13,700 shares, a drop of 38.6% from the previous total of 22,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Locafy currently has issued a total of 1,382,000 shares. Some of Locafy's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Locafy currently has a public float of 1,100,000 shares.

1.25% of Locafy's shares are currently sold short. Here is how the short interest of companies in the industry of "computer software" compare to Locafy: MultiMetaVerse Holdings Limited (6.12%), Western Acquisition Ventures Corp. (0.03%), Aurora Mobile Limited (0.34%), CLPS Incorporation (0.12%), NetSol Technologies, Inc. (0.12%), Creative Realities, Inc. (0.11%), Brand Engagement Network, Inc. (2.30%), iLearningEngines, Inc. (3.04%), CXApp Inc. (8.85%), LeddarTech Holdings Inc. (32.26%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.32 billion), Spotify Technology S.A. ($4.06 billion), Canadian Natural Resources Limited ($3.45 billion), Reddit, Inc. ($2.79 billion), International Paper ($2.70 billion), Cencora, Inc. ($2.27 billion), SoFi Technologies, Inc. ($2.21 billion), Lululemon Athletica Inc. ($2.13 billion), and Rivian Automotive, Inc. ($2.05 billion). View all of the most shorted stocks.

Short selling LCFY is an investing strategy that aims to generate trading profit from Locafy as its price is falling. LCFY shares are trading up $0.03 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Locafy occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of LCFY, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including LCFY, twice per month. The most recent reporting period available is December, 15 2024.