CynergisTek, Inc. (NYSEAMERICAN:CTEK) Sees Large Decline in Short Interest

CynergisTek, Inc. (NYSEAMERICAN:CTEK – Get Rating) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 56,100 shares, a drop of 36.0% from the April 15th total of 87,700 shares. Based on an average daily trading volume, of 373,400 shares, the short-interest ratio is presently 0.2 days.

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in CynergisTek by 20.6% in the first quarter. Renaissance Technologies LLC now owns 196,469 shares of the company’s stock valued at $263,000 after acquiring an additional 33,586 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in CynergisTek by 25.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 345,727 shares of the company’s stock valued at $498,000 after acquiring an additional 69,255 shares during the last quarter. Finally, Horton Capital Management LLC increased its stake in CynergisTek by 5.6% in the third quarter. Horton Capital Management LLC now owns 749,417 shares of the company’s stock valued at $1,349,000 after acquiring an additional 39,413 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Shares of CTEK stock opened at $0.72 on Friday. CynergisTek has a 52-week low of $0.69 and a 52-week high of $2.85.

CynergisTek (NYSEAMERICAN:CTEK – Get Rating) last issued its quarterly earnings data on Thursday, March 24th. The company reported ($0.20) earnings per share (EPS) for the quarter. CynergisTek had a negative return on equity of 5.43% and a negative net margin of 13.70%. The business had revenue of $4.43 million during the quarter.

About CynergisTek (Get Rating)

CynergisTek, Inc provides cyber security, privacy, and compliance services in the United States. The company identifies, measures, and tests security and privacy risk of organization, as well as verifies and validates their programs to meet compliance and business objectives through IT audits, technical testing, and risk and program assessments; develops policies, procedures, and playbooks to help build out a risk management program; and verifies the processes, people, and technology are working effectively.

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