Cycurion, Inc. (NASDAQ:CYCU) Short Interest Down 68.4% in August

Cycurion, Inc. (NASDAQ:CYCU) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 348,350 shares, a decrease of 68.4% from the August 15th total of 1,103,029 shares. Currently, 11.3% of the company’s stock are short sold. Based on an average trading volume of 583,868 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

CYCU has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Cycurion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Wall Street Zen raised shares of Cycurion from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 23rd. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.00.

Cycurion Stock Up 2.1%

CYCU traded up $0.07 during trading on Monday, hitting $3.40. 49,769 shares of the company’s stock were exchanged, compared to its average volume of 921,001. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $4.35 and its two-hundred day moving average is $6.96. Cycurion has a fifty-two week low of $2.08 and a fifty-two week high of $127.02. The stock has a market cap of $10.98 million, a P/E ratio of -0.14 and a beta of 0.91.

Cycurion declared that its Board of Directors has initiated a share repurchase plan on Monday, August 17th that allows the company to buyback $500.00 billion in shares. This buyback authorization allows the company to repurchase up to 6,361,323.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Cycurion Company Profile

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.