Short Interest in Cycurion, Inc. (NASDAQ:CYCU) Drops By 53.1%

Cycurion, Inc. (NASDAQ:CYCU) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,103,029 shares, a decrease of 53.1% from the July 30th total of 2,352,926 shares. Approximately 10.1% of the company’s shares are short sold. Based on an average trading volume of 23,097,531 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

CYCU has been the subject of several research analyst reports. Weiss Ratings raised shares of Cycurion from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of Cycurion from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cycurion presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Cycurion Trading Down 2.6%

Shares of NASDAQ CYCU traded down $0.10 during midday trading on Monday, hitting $3.75. The stock had a trading volume of 249,017 shares, compared to its average volume of 954,865. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.03. Cycurion has a 1-year low of $2.08 and a 1-year high of $127.02. The company has a market capitalization of $5.38 million, a price-to-earnings ratio of -1.22 and a beta of 0.97. The company has a fifty day moving average price of $4.63 and a 200 day moving average price of $7.71.

Cycurion declared that its board has approved a stock buyback plan on Monday, August 17th that allows the company to repurchase $500.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6,361,323.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

About Cycurion

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.