Cyanotech Corp (NASDAQ:CYAN) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 1,000 shares, a decrease of 44.4% from the May 30th total of 1,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 0.4 days.
Shares of NASDAQ CYAN traded down $0.05 during trading hours on Friday, reaching $2.75. The stock had a trading volume of 6,116 shares, compared to its average volume of 1,816. The company has a quick ratio of 0.35, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. Cyanotech has a fifty-two week low of $2.75 and a fifty-two week high of $4.20. The business’s 50-day simple moving average is $3.03.
Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. The company's products include Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint 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.
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