Cyren Ltd. (NASDAQ:CYRN) sees sharp drop in short-term interest

Cyren Ltd. (NASDAQ:CYRN – Get Rating) was the target of a significant drop in short interest in May. As of May 31, there was short interest totaling 65,500 shares, down 45.8% from the May 15 total of 120,800 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 3,190,000 shares, the short-term interest rate ratio is currently 0.0 day.

A number of institutional investors and hedge funds have been buying and selling stocks recently. Virtu Financial LLC purchased a new stake in Cyren during the first quarter worth approximately $59,000. Jane Street Group LLC purchased a new stake in Cyren during the first quarter worth approximately $426,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Cyren during the second quarter worth approximately $79,000.

CYRN stock opened at $2.67 on Tuesday. Cyren has a 52 week low of $1.51 and a 52 week high of $19.00. The company has a 50-day simple moving average of $2.27. The company has a debt ratio of 0.46, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $14.23 million, a P/E ratio of -0.46 and a beta of 0.54.

Cyren (NASDAQ:CYRN – Get Rating) last released its quarterly earnings data on Monday, May 16. The technology company reported ($1.16) earnings per share for the quarter. Cyren had a negative return on equity of 125.40% and a negative net margin of 85.30%. The company had revenue of $7.26 million for the quarter.

Separately, upgraded Cyren’s shares from a “sell” rating to a “hold” rating in a Tuesday, May 31 research note.

Cyrene Company Profile (Get an evaluation)

Cyren Ltd., together with its subsidiaries, provides cloud-delivered Software-as-a-Service (SaaS) cybersecurity solutions that protect businesses, their employees and customers against threats from email, files and the web. It provides Cyren threat detection services, which include an email security engine that offers inbound and outbound anti-spam, IP reputation, and virus outbreak detection services; malware detection engine used to protect messaging applications; Web Security Engine, which is used by customers to provide URL classification for web browser filtering and safe search capabilities; and threat analysis services to detect advanced cyber threats.

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