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. Approximately 10.1% of the shares of the company are short sold. Based on an average daily volume of 23,097,531 shares, the days-to-cover ratio is currently 0.0 days.

Cycurion Trading Down 0.6%

Cycurion stock traded down $0.02 during midday trading on Friday, hitting $3.85. 736,926 shares of the stock were exchanged, compared to its average volume of 22,131,192. The stock has a market capitalization of $44.16 million, a PE ratio of -1.25 and a beta of 0.97. The company has a fifty day simple moving average of $4.63 and a two-hundred 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. Cycurion has a 52 week low of $2.08 and a 52 week high of $127.02.

Cycurion declared that its Board of Directors has authorized a share repurchase program on Monday, August 17th that permits the company to buyback $500.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 6,361,323.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CYCU. Weiss Ratings raised shares of Cycurion from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. Wall Street Zen raised shares of Cycurion from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One 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. According to data from MarketBeat, Cycurion currently has a consensus rating of “Hold” and a consensus target price of $56.00.

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.