Cyanotech Corp (NASDAQ:CYAN) Short Interest Update

Cyanotech Corp (NASDAQ:CYAN) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 1,000 shares, a decrease of 44.4% from the May 30th total of 1,800 shares. Based on an average daily trading volume, of 2,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Shares of CYAN stock traded down $0.05 during trading hours on Friday, reaching $2.75. 6,116 shares of the company’s stock were exchanged, compared to its average volume of 1,816. The business’s 50 day simple moving average is $3.03. Cyanotech has a 1 year low of $2.75 and a 1 year high of $4.20. The company has a current ratio of 1.54, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35.

Cyanotech Company Profile

Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. The company's products include Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.

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