Cyngn Inc. Common Stock (NASDAQ:CYN) Stock Short Interest Report for October

Cyngn Inc. Common Stock (NASDAQ:CYN) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 378,736 shares, a drop of 38.2% from the September 30th total of 613,297 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily volume of 208,701 shares, the days-to-cover ratio is currently 1.8 days.

Cyngn Inc. Common Stock Stock Performance

NASDAQ CYN opened at $0.35 on Friday. Cyngn Inc. Common Stock has a twelve month low of $0.34 and a twelve month high of $4.80. The stock has a market cap of $5.31 million, a PE ratio of -0.11 and a beta of 0.09. The firm has a 50-day simple moving average of $0.70 and a 200 day simple moving average of $1.12.

Cyngn Inc. Common Stock (NASDAQ:CYN) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.45) earnings per share (EPS) for the quarter. Cyngn Inc. Common Stock had a negative net margin of 6,953.61% and a negative return on equity of 62.53%. The firm had revenue of $0.14 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Cyngn Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cyngn Inc. Common Stock currently has an average rating of “Reduce”.

Cyngn Inc. Common Stock Company Profile

Cyngn Inc develops autonomous vehicle technology for industrial and commercial applications. The company’s platform is designed to help businesses automate material handling and transportation tasks in environments such as warehouses, manufacturing facilities, distribution centers and other controlled work sites.

Its principal offering, DriveMod, is an autonomous driving software platform intended for integration with industrial vehicles, including trucks and other material-handling equipment.