Cyren Ltd (NASDAQ:CYRN) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 57,300 shares, an increase of 18.1% from the May 30th total of 48,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 1.9 days.
Several large investors have recently made changes to their positions in CYRN. White Pine Capital LLC raised its position in shares of Cyren by 32.8% in the 1st quarter. White Pine Capital LLC now owns 517,800 shares of the technology company’s stock valued at $1,124,000 after acquiring an additional 127,900 shares during the period. Belpointe Asset Management LLC raised its position in shares of Cyren by 7.7% in the 1st quarter. Belpointe Asset Management LLC now owns 463,750 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 33,250 shares during the period. Deutsche Bank AG raised its position in shares of Cyren by 100.3% in the 4th quarter. Deutsche Bank AG now owns 62,500 shares of the technology company’s stock valued at $187,000 after acquiring an additional 31,300 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Cyren in the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 57.00% of the company’s stock.
Shares of NASDAQ:CYRN traded up $0.03 during mid-day trading on Friday, reaching $1.65. The stock had a trading volume of 2,813 shares, compared to its average volume of 15,312. The company has a market cap of $89.93 million, a price-to-earnings ratio of -5.32 and a beta of 0.38. The stock has a 50 day moving average of $1.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.40 and a current ratio of 1.40. Cyren has a twelve month low of $1.52 and a twelve month high of $3.79.
Cyren (NASDAQ:CYRN) last announced its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $9.66 million for the quarter. Cyren had a negative net margin of 49.84% and a negative return on equity of 50.68%. On average, equities research analysts expect that Cyren will post -0.32 EPS for the current fiscal year.
A number of analysts recently weighed in on CYRN shares. B. Riley set a $23.00 price target on shares of Pretium Resources and gave the company a “buy” rating in a research report on Tuesday, June 25th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
CYREN Ltd., together with its subsidiaries, provides information security solutions for protecting Web, email, and mobile transactions worldwide. The company operates Cyren Cloud Security, a SaaS security platform, which provides Internet security services, including Web Security that provides the enforcement of Web policy and state-of-the-art threat protection for business users; DNS Security, which allows businesses to protect employees at headquarters, visitors in remote offices, customers at retail stores, or students on a campus; Email Security, a cloud-based secure email gateway; and Cloud Sandboxing that protects businesses against breaches and data loss from threats.
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