Cyanotech Co. (OTCMKTS:CYAN) Stock Short Interest Report for October

Cyanotech Co. (OTCMKTS:CYAN) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,291 shares, a growth of 135.5% from the October 15th total of 973 shares. Based on an average daily trading volume, of 2,736 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s stock are sold short.

Cyanotech Stock Performance

Cyanotech stock opened at $0.61 on Friday. The stock’s fifty day simple moving average is $0.53 and its 200-day simple moving average is $0.46. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. Cyanotech has a twelve month low of $0.23 and a twelve month high of $0.78.

Cyanotech (OTCMKTS:CYAN) last announced its quarterly earnings data on Tuesday, November 10th. The biotechnology company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $7.96 million during the quarter. Cyanotech had a return on equity of 10.54% and a net margin of 2.92%.

Cyanotech Company Profile

Cyanotech Corporation is a Hawaii-based producer of specialty health and nutrition products derived from microalgae. The company cultivates microalgae in open ponds at its facility on the Kona coast of Hawaii and processes the biomass into nutritional supplements and ingredient products. Its primary products include Hawaiian Spirulina Pacifica, a spirulina-based nutritional supplement, and BioAstin Hawaiian Astaxanthin, a natural antioxidant derived from the microalga Haematococcus pluvialis . Cyanotech has marketed these products for use in dietary supplements, functional foods and other health-related applications.