Short Interest in Cyanotech Co. (OTCMKTS:CYAN) Declines By 55.9%

Cyanotech Co. (OTCMKTS:CYAN) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 611 shares, a drop of 55.9% from the May 14th total of 1,385 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 932 shares, the short-interest ratio is presently 0.7 days.

Cyanotech Price Performance

Shares of Cyanotech stock remained flat at $0.40 during trading hours on Friday. 13 shares of the stock were exchanged, compared to its average volume of 863. Cyanotech has a fifty-two week low of $0.21 and a fifty-two week high of $0.57. The stock has a market capitalization of $2.96 million, a P/E ratio of -1.60 and a beta of 0.15. The firm has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 0.30.

Cyanotech Company Profile

Cyanotech Corp. engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. Its products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant, which is used as a human dietary supplement and dietary ingredient to support and maintain the body’s natural inflammatory response, enhance skin, and support eye, joint, and immune health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.