Cyanotech Corp (NASDAQ:CYAN) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,000 shares, a decline of 44.4% from the May 30th total of 1,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,500 shares, the short-interest ratio is currently 0.4 days.
NASDAQ CYAN traded down $0.05 on Friday, reaching $2.75. 200 shares of the company’s stock traded hands, compared to its average volume of 1,842. The business has a 50 day moving average of $3.04. Cyanotech has a fifty-two week low of $2.75 and a fifty-two week high of $4.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 0.35.
Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. The company's products include Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint 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.
Featured Story: What is a management fee?
Receive News & Ratings for Cyanotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyanotech and related companies with MarketBeat.com's FREE daily email newsletter.