Cyanotech Co. (OTCMKTS:CYAN) Short Interest Down 81.8% in June

Cyanotech Co. (OTCMKTS:CYAN) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 111 shares, a drop of 81.8% from the May 31st total of 611 shares. Based on an average trading volume of 1,635 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Cyanotech Stock Performance

Shares of CYAN stock remained flat at $0.52 on Friday. 3 shares of the stock traded hands, compared to its average volume of 1,025. The company has a quick ratio of 0.29, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. Cyanotech has a 1 year low of $0.21 and a 1 year high of $0.57. The company’s fifty day moving average price is $0.43 and its 200-day moving average price is $0.41. The company has a market capitalization of $3.84 million, a PE ratio of -2.08 and a beta of 0.15.

About Cyanotech

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.