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

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CYCU. Wall Street Zen upgraded 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 report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

Cycurion Price Performance

Shares of CYCU opened at $0.96 on Friday. Cycurion has a fifty-two week low of $0.77 and a fifty-two week high of $15.88. The company has a market capitalization of $8.25 million, a price-to-earnings ratio of -0.13 and a beta of 1.06. The firm has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $2.13. 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 released its quarterly earnings results on Thursday, May 14th. The company reported ($0.47) earnings per share (EPS) 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 return on equity of 123.25% and a negative net margin of 108.49%. On average, equities research 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.