Short Interest in Cyanotech Co. (OTCMKTS:CYAN) Declines By 55.9%

Cyanotech Co. (OTCMKTS:CYAN) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 611 shares, a decline of 55.9% from the May 14th total of 1,385 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 932 shares, the days-to-cover ratio is presently 0.7 days.

Cyanotech Stock Performance

OTCMKTS CYAN remained flat at $0.40 during trading hours on Friday. 13 shares of the company traded hands, compared to its average volume of 863. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 0.30. The firm has a market capitalization of $2.96 million, a price-to-earnings ratio of -1.60 and a beta of 0.15. The stock has a 50 day simple moving average of $0.41 and a two-hundred day simple moving average of $0.41. Cyanotech has a 12 month low of $0.21 and a 12 month high of $0.57.

Cyanotech Company Profile

Cyanotech Corp. engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. Its products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant, which is used as a human dietary supplement and dietary ingredient to support and maintain the body’s natural inflammatory response, enhance skin, and support eye, joint, and immune health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.