Is Locafy Ltd Gaining or Losing Market Support?
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Locafy Ltd's (NYSE:LCFY) short interest has decreased by 23.53%, with 1 thousand shares sold short, representing 0.13% of available trading shares. It would take traders an average of 1.0 days to cover their short positions. A decline in short interest may indicate a more bullish market sentiment towards the stock compared to its peers, which average 5.50% short interest. This suggests Locafy Ltd has less short interest than most of its competitors, although this does not guarantee a near-term stock price rise.
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