Cyren Ltd (NASDAQ:CYRN) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 3,500 shares, a decline of 94.2% from the June 30th total of 60,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 88,100 shares, the short-interest ratio is presently 0.0 days.
Large investors have recently modified their holdings of the stock. Belpointe Asset Management LLC raised its position in Cyren by 8.2% in the 2nd quarter. Belpointe Asset Management LLC now owns 574,300 shares of the technology company’s stock worth $678,000 after purchasing an additional 43,300 shares during the period. Meitav Dash Investments Ltd. increased its position in shares of Cyren by 8.4% in the first quarter. Meitav Dash Investments Ltd. now owns 453,539 shares of the technology company’s stock valued at $325,000 after acquiring an additional 34,967 shares during the period. Renaissance Technologies LLC increased its position in shares of Cyren by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 675,411 shares of the technology company’s stock valued at $865,000 after acquiring an additional 24,104 shares during the period. Finally, BlackRock Inc. increased its position in shares of Cyren by 127.1% in the first quarter. BlackRock Inc. now owns 31,664 shares of the technology company’s stock valued at $25,000 after acquiring an additional 17,723 shares during the period. Institutional investors own 58.73% of the company’s stock.
NASDAQ CYRN opened at $1.60 on Friday. Cyren has a 52-week low of $0.31 and a 52-week high of $1.97. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average of $1.31 and a 200-day moving average of $1.12.
Cyren (NASDAQ:CYRN) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $9.65 million during the quarter. Cyren had a negative net margin of 42.19% and a negative return on equity of 72.05%.
Cyren Company Profile
CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions worldwide. The company operates Cyren Cloud Security, a SaaS security platform, which provides Internet security services, including Web Security that provides the enforcement of Web policy and state-of-the-art threat protection for business users; DNS Security, which allows businesses to protect employees at headquarters, visitors in remote offices, customers at retail stores, or students on a campus; Email Security, a cloud-based secure email gateway; and Cloud Sandboxing that protects businesses against breaches and data loss from threats.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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