Cycurion, Inc. (NASDAQ:CYCU) Sees Large Increase in Short Interest

Cycurion, Inc. (NASDAQ:CYCU) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 320,620 shares, an increase of 155.9% from the May 31st total of 125,283 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 609,166 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of analysts have commented on CYCU shares. Wall Street Zen raised shares of Cycurion from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings downgraded shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Cycurion Price Performance

NASDAQ:CYCU traded down $0.01 on Tuesday, reaching $0.59. 320,444 shares of the company’s stock traded hands, compared to its average volume of 1,161,465. The stock has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $1.63. Cycurion has a 12 month low of $0.55 and a 12 month high of $15.88. The firm has a market cap of $6.37 million, a PE ratio of -0.08 and a beta of 0.99. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.02.

Cycurion (NASDAQ:CYCU) last issued its earnings results on Thursday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.83) by $0.36. Cycurion had a negative return on equity of 123.25% and a negative net margin of 108.49%.The company had revenue of $3.27 million for the quarter. Equities research analysts forecast that Cycurion will post -2.34 earnings per share for the current 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.