Cycurion, Inc. (NASDAQ:CYCU) Short Interest Update

Cycurion, Inc. (NASDAQ:CYCU – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 348,350 shares, a drop of 68.4% from the August 15th total of 1,103,029 shares. Approximately 11.3% of the shares of the company are sold short. Based on an average daily volume of 583,868 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

A number of analysts recently weighed in on CYCU shares. Weiss Ratings cut shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Wall Street Zen raised shares of Cycurion from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.00.

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Cycurion Stock Down 4.9%

Shares of CYCU traded down $0.17 during mid-day trading on Friday, hitting $3.33. 143,983 shares of the company’s stock were exchanged, compared to its average volume of 930,324. Cycurion has a twelve month low of $2.08 and a twelve month high of $127.02. The firm has a fifty day moving average of $4.35 and a two-hundred day moving average of $7.01. 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 stock has a market cap of $10.76 million, a price-to-earnings ratio of -0.14 and a beta of 0.91.

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

About Cycurion

(Get Free Report)

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.

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