Cyanotech Co. (OTCMKTS:CYAN) Sees Significant Decline in Short Interest

Cyanotech Co. (OTCMKTS:CYAN) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 611 shares, a decrease of 55.9% from the May 14th total of 1,385 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 932 shares, the days-to-cover ratio is currently 0.7 days.

Cyanotech Price Performance

CYAN opened at $0.40 on Monday. The firm has a market cap 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 of $0.41 and a 200 day moving average of $0.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.30 and a current ratio of 1.00. Cyanotech has a fifty-two week low of $0.21 and a fifty-two week high of $0.57.

About Cyanotech

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.