Cyanotech Co. (OTCMKTS:CYAN) Stock Short Interest Jumps 135.5%

Cyanotech Co. (OTCMKTS:CYAN) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 2,291 shares, a growth of 135.5% from the October 15th total of 973 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,736 shares, the short-interest ratio is currently 0.8 days.

Cyanotech Stock Up 13.0%

OTCMKTS CYAN opened at $0.61 on Friday. The firm’s fifty day moving average price is $0.53 and its 200 day moving average price is $0.46. Cyanotech has a 12 month low of $0.23 and a 12 month high of $0.78. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 0.13.

Cyanotech (OTCMKTS:CYAN) last announced its quarterly earnings results on Tuesday, November 10th. The biotechnology company reported $0.12 earnings per share for the quarter. Cyanotech had a net margin of 2.92% and a return on equity of 10.54%. The firm had revenue of $7.96 million during the quarter.

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 . Cyanotech has marketed these products for use in dietary supplements, functional foods and other health-related applications.