Short Interest in Cycurion, Inc. (NASDAQ:CYCU) Drops By 69.6%

Cycurion, Inc. (NASDAQ:CYCU) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 320,877 shares, a decrease of 69.6% from the April 30th total of 1,053,963 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 656,960 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CYCU. Weiss Ratings downgraded shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Cycurion from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cycurion has an average rating of “Hold” and an average target price of $7.00.

Cycurion Price Performance

NASDAQ CYCU traded down $0.09 on Friday, reaching $0.87. The company had a trading volume of 13,549,451 shares, compared to its average volume of 598,627. Cycurion has a fifty-two week low of $0.77 and a fifty-two week high of $15.88. The business has a 50 day moving average of $1.03 and a two-hundred day moving average of $2.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.31.

Cycurion (NASDAQ:CYCU) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.83) by $0.36. The business had revenue of $3.27 million during the quarter. Cycurion had a negative return on equity of 123.25% and a negative net margin of 108.49%. On average, sell-side analysts anticipate that Cycurion will post -2.34 earnings per share for the current year.

Cycurion Company Profile

Cycurion is a global leading provider of Network Communications and Information Technology Security Solutions. Our mission is to develop and deliver world-class, cutting-edge solutions for our clients, regardless of size or complication, expressly optimizing your IT environment to meet the business need and to keep projects on track and on budget.