Cycurion, Inc. (NASDAQ:CYCU) Sees Significant Decrease in Short Interest

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

Analyst Ratings Changes

Several research firms have recently weighed in on CYCU. Wall Street Zen raised Cycurion from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings raised Cycurion from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cycurion currently has an average rating of “Hold” and a consensus target price of $56.00.

Cycurion Stock Performance

Shares of NASDAQ:CYCU traded down $0.02 during trading on Friday, hitting $3.85. The company’s stock had a trading volume of 736,926 shares, compared to its average volume of 2,766,399. The company has a 50-day moving average of $4.63 and a 200-day moving average of $7.77. Cycurion has a 12 month low of $2.08 and a 12 month high of $127.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $5.51 million, a price-to-earnings ratio of -1.25 and a beta of 0.97.

Cycurion announced that its Board of Directors has approved a share buyback plan on Monday, August 17th that allows the company to buyback $500.00 billion in shares. This buyback authorization allows the company to purchase up to 6,361,323.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management 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.