Cycurion, Inc. (NASDAQ:CYCU) Short Interest Up 562.2% in July

Cycurion, Inc. (NASDAQ:CYCU) saw a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 68,426,130 shares, the days-to-cover ratio is currently 0.0 days. Currently, 21.5% of the company’s shares are sold short.

Analyst Ratings Changes

CYCU has been the subject of several recent research reports. 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 cut shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.00.

Cycurion Price Performance

CYCU stock opened at $0.70 on Friday. The firm has a market cap of $8.03 million, a P/E ratio of -0.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.31 and a current ratio of 0.31. Cycurion has a 1 year low of $0.26 and a 1 year high of $15.88. The stock has a 50-day simple moving average of $0.60 and a 200-day simple moving average of $1.08.

Cycurion (NASDAQ:CYCU) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.83) by $0.36. The firm had revenue of $3.27 million for the quarter. Cycurion had a negative return on equity of 123.25% and a negative net margin of 108.49%. On average, equities analysts predict 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.