Cyanotech Co. (OTCMKTS:CYAN) Short Interest Update

Cyanotech Co. (OTCMKTS:CYAN) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 936 shares, a growth of 1,084.8% from the April 15th total of 79 shares. Based on an average trading volume of 863 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the shares of the company are sold short.

Cyanotech Stock Performance

CYAN stock traded down $0.17 during midday trading on Wednesday, reaching $0.38. 1,252 shares of the company’s stock traded hands, compared to its average volume of 870. The company has a 50-day moving average price of $0.36 and a two-hundred day moving average price of $0.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.30 and a current ratio of 1.00. Cyanotech has a 52 week low of $0.21 and a 52 week high of $0.57. The firm has a market capitalization of $2.81 million, a PE ratio of -1.52 and a beta of 0.17.

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.