Cyren Ltd (NASDAQ:CYRN) was the target of a large growth in short interest in the month of December. As of December 13th, there was short interest totalling 23,500 shares, a growth of 64.3% from the November 28th total of 14,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 24,400 shares, the days-to-cover ratio is presently 1.0 days.
Separately, Zacks Investment Research downgraded shares of Cyren from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.
NASDAQ:CYRN traded up $0.03 on Friday, reaching $1.28. 35,775 shares of the stock traded hands, compared to its average volume of 39,790. Cyren has a 1-year low of $1.11 and a 1-year high of $2.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50 day moving average is $1.31 and its 200-day moving average is $1.54.
Cyren (NASDAQ:CYRN) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $9.50 million during the quarter, compared to the consensus estimate of $9.80 million. Cyren had a negative net margin of 47.56% and a negative return on equity of 68.95%. Research analysts anticipate that Cyren will post -0.3 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. White Pine Capital LLC grew its position in shares of Cyren by 33.2% during the 2nd quarter. White Pine Capital LLC now owns 689,480 shares of the technology company’s stock worth $1,193,000 after buying an additional 171,680 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Cyren by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 648,763 shares of the technology company’s stock worth $1,122,000 after purchasing an additional 6,130 shares in the last quarter. Finally, BlackRock Inc. bought a new position in shares of Cyren in the 2nd quarter worth $25,000. 52.06% of the stock is owned by institutional investors.
Cyren Company Profile
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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