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

Cycurion, Inc. (NASDAQ:CYCU) was the recipient of 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. Approximately 21.5% of the company’s shares are short sold. Based on an average daily volume of 68,426,130 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CYCU. Weiss Ratings lowered Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Cycurion from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.00.

Cycurion Stock Performance

Shares of CYCU stock traded up $0.04 on Wednesday, hitting $0.63. The company’s stock had a trading volume of 36,435,627 shares, compared to its average volume of 7,355,806. The stock’s 50 day moving average is $0.61 and its 200-day moving average is $1.11. Cycurion has a fifty-two week low of $0.26 and a fifty-two week high of $15.88. The company has a market capitalization of $7.17 million, a PE ratio of -0.09 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 (NASDAQ:CYCU) last released its earnings results on Thursday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.83) by $0.36. The company 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%. Equities research analysts expect 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.