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

Cycurion, Inc. (NASDAQ:CYCU) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 348,350 shares, a decrease of 68.4% from the August 15th total of 1,103,029 shares. Currently, 11.3% of the company’s stock are sold short. Based on an average daily trading volume, of 583,868 shares, the days-to-cover ratio is currently 0.6 days.

Cycurion Price Performance

NASDAQ:CYCU traded down $0.17 during trading hours on Friday, reaching $3.33. The company had a trading volume of 143,983 shares, compared to its average volume of 930,324. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $10.76 million, a PE ratio of -0.14 and a beta of 0.91. Cycurion has a one year low of $2.08 and a one year high of $127.02. The stock has a 50-day moving average of $4.35 and a two-hundred day moving average of $7.01.

Cycurion declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 17th that permits the company to buyback $500.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6,361,323.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently issued reports on CYCU shares. Weiss Ratings downgraded shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Wall Street Zen raised Cycurion from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.00.

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.