Cyanotech Co. (OTCMKTS:CYAN) Sees Large Increase in Short Interest

Cyanotech Co. (OTCMKTS:CYAN) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 973 shares. Based on an average daily trading volume, of 20,765 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Cyanotech Stock Performance

Shares of CYAN stock opened at $0.61 on Friday. The company has a market capitalization of $4.68 million, a price-to-earnings ratio of -2.44 and a beta of 0.04. Cyanotech has a twelve month low of $0.23 and a twelve month high of $0.78. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $0.53 and a 200 day moving average price of $0.46.

About Cyanotech

Cyanotech Corporation is a Hawaii-based producer of specialty health and nutrition products derived from microalgae. The company cultivates microalgae in open ponds at its facility on the Kona coast of Hawaii and processes the biomass into nutritional supplements and ingredient products.

Its primary products include Hawaiian Spirulina Pacifica, a spirulina-based nutritional supplement, and BioAstin Hawaiian Astaxanthin, a natural antioxidant derived from the microalga Haematococcus pluvialis.