Cycurion, Inc. (NASDAQ:CYCU) Sees Significant Increase in Short Interest

Cycurion, Inc. (NASDAQ:CYCU) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,352,926 shares, an increase of 562.2% from the July 15th total of 355,333 shares. Currently, 21.5% of the shares of the company are short sold. Based on an average trading volume of 68,426,130 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CYCU. Wall Street Zen upgraded shares of Cycurion from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

Cycurion Stock Performance

CYCU traded up $0.04 on Wednesday, hitting $0.63. 36,435,627 shares of the stock traded hands, compared to its average volume of 7,355,806. Cycurion has a 52 week low of $0.26 and a 52 week high of $15.88. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $7.17 million, a PE ratio of -0.09 and a beta of 0.97. The business has a fifty day moving average price of $0.61 and a two-hundred day moving average price of $1.11.

Cycurion (NASDAQ:CYCU) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.36. The firm had revenue of $3.27 million for the quarter. Cycurion had a negative net margin of 108.49% and a negative return on equity of 123.25%. On average, research analysts predict that Cycurion will post -2.34 EPS for the current fiscal 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.