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

Cycurion, Inc. (NASDAQ:CYCU) saw a large drop in short interest in 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. Currently, 4.1% of the company’s stock are short sold. Based on an average trading volume of 656,960 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CYCU. Wall Street Zen upgraded shares of Cycurion from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings lowered shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.00.

Cycurion Stock Down 9.2%

CYCU stock traded down $0.09 during trading on Friday, hitting $0.87. 13,549,451 shares of the stock traded hands, compared to its average volume of 1,242,740. Cycurion has a 1 year low of $0.77 and a 1 year high of $15.88. The firm’s 50 day moving average is $1.03 and its two-hundred day moving average is $2.12. The stock has a market cap of $7.49 million, a price-to-earnings ratio of -0.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.31 and a quick ratio of 0.31.

Cycurion (NASDAQ:CYCU) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.83) by $0.36. Cycurion had a negative net margin of 108.49% and a negative return on equity of 123.25%. The company had revenue of $3.27 million for the quarter. On average, sell-side analysts anticipate that Cycurion will post -2.34 EPS 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.