Cyanotech Co. (OTCMKTS:CYAN) Sees Significant Decrease in Short Interest

Cyanotech Co. (OTCMKTS:CYAN) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 611 shares, a drop of 55.9% from the May 14th total of 1,385 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 932 shares, the short-interest ratio is presently 0.7 days.

Cyanotech Stock Performance

CYAN stock opened at $0.40 on Friday. The firm has a 50 day simple moving average of $0.41 and a 200 day simple moving average of $0.41. 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 stock has a market cap of $2.96 million, a P/E ratio of -1.60 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.