Cyanotech Co. (OTCMKTS:CYAN) Sees Large Increase in Short Interest

Cyanotech Co. (OTCMKTS:CYAN) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 973 shares. Based on an average trading volume of 20,765 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Cyanotech Price Performance

OTCMKTS CYAN opened at $0.61 on Friday. The company has a market cap of $4.68 million, a price-to-earnings ratio of -2.44 and a beta of 0.04. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $0.53 and a 200-day moving average of $0.46. Cyanotech has a 1-year low of $0.23 and a 1-year high of $0.78.

Cyanotech Company Profile

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.