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

Cycurion, Inc. (NASDAQ:CYCU) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,103,029 shares, a decrease of 53.1% from the July 30th total of 2,352,926 shares. Currently, 10.1% of the company’s stock are sold short. Based on an average daily volume of 23,097,531 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CYCU shares. Wall Street Zen raised shares of Cycurion from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Cycurion from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cycurion presently has an average rating of “Hold” and a consensus price target of $56.00.

Cycurion Stock Down 0.6%

Shares of CYCU traded down $0.02 during midday trading on Friday, reaching $3.85. 736,926 shares of the stock were exchanged, compared to its average volume of 22,131,192. Cycurion has a 12-month low of $2.08 and a 12-month high of $127.02. The firm has a 50 day simple moving average of $4.63 and a 200-day simple moving average of $7.77. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.03. The company has a market cap of $44.16 million, a price-to-earnings ratio of -1.25 and a beta of 0.97.

Cycurion announced that its board has initiated a share buyback plan on Monday, August 17th that allows the company to repurchase $500.00 billion in shares. This repurchase authorization allows the company to purchase up to 6,361,323.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.