Cycurion, Inc. (NASDAQ:CYCU) Short Interest Update

Cycurion, Inc. (NASDAQ:CYCU) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,352,926 shares, an increase of 562.2% from the July 15th total of 355,333 shares. Currently, 21.5% of the company’s stock are short sold. Based on an average daily volume of 68,426,130 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

A number of research firms have recently issued reports on CYCU. Wall Street Zen raised Cycurion from a “strong sell” rating to a “hold” rating in a research report 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 Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.00.

Cycurion Stock Up 12.6%

Cycurion stock traded up $0.08 during mid-day trading on Thursday, reaching $0.70. 5,569,984 shares of the company were exchanged, compared to its average volume of 7,385,483. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $8.01 million, a P/E ratio of -0.10 and a beta of 0.97. The business has a fifty day moving average of $0.60 and a 200 day moving average of $1.09. Cycurion has a 12-month low of $0.26 and a 12-month high of $15.88.

Cycurion (NASDAQ:CYCU) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.83) by $0.36. Cycurion had a negative return on equity of 123.25% and a negative net margin of 108.49%.The business had revenue of $3.27 million for the quarter. Research analysts anticipate that Cycurion will post -2.34 earnings per share for the current fiscal year.

About Cycurion

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.