CynergisTek Inc (NYSEAMERICAN:CTEK) saw a significant decrease in short interest in November. As of November 29th, there was short interest totalling 7,700 shares, a decrease of 29.4% from the November 14th total of 10,900 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

NYSEAMERICAN CTEK opened at $3.13 on Thursday. CynergisTek has a 1 year low of $2.44 and a 1 year high of $5.00.

CynergisTek (NYSEAMERICAN:CTEK) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $4.77 million during the quarter, compared to the consensus estimate of $5.14 million.

Several research firms have issued reports on CTEK. Zacks Investment Research raised CynergisTek from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Thursday, November 14th. TheStreet cut CynergisTek from a “c-” rating to a “d” rating in a report on Monday, November 11th. Finally, B. Riley set a $7.00 price target on CynergisTek and gave the company a “buy” rating in a report on Friday, August 16th.

Large investors have recently made changes to their positions in the business. Morgan Stanley raised its stake in CynergisTek by 208.0% during the 2nd quarter. Morgan Stanley now owns 5,135 shares of the company’s stock valued at $25,000 after purchasing an additional 3,468 shares during the period. BlackRock Inc. raised its stake in CynergisTek by 21.0% during the 2nd quarter. BlackRock Inc. now owns 27,501 shares of the company’s stock valued at $133,000 after purchasing an additional 4,771 shares during the period. Seizert Capital Partners LLC acquired a new stake in CynergisTek during the 2nd quarter valued at $340,000. Connors Investor Services Inc. raised its stake in CynergisTek by 23.3% during the 3rd quarter. Connors Investor Services Inc. now owns 71,450 shares of the company’s stock valued at $220,000 after purchasing an additional 13,500 shares during the period. Finally, Renaissance Technologies LLC raised its stake in CynergisTek by 69.9% during the 2nd quarter. Renaissance Technologies LLC now owns 107,983 shares of the company’s stock valued at $523,000 after purchasing an additional 44,441 shares during the period.

CynergisTek Company Profile

Cynergistek, Inc provides outsourced document solutions, IT consulting data security, and managed print services primarily to the healthcare industry in the United States. The company offers Incident Response, Vendor Security Management, and Patient Privacy Monitoring Service, as well as Compliance Assist Partner Program.

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