Cyren Ltd. (NASDAQ:CYRN) Short Interest Down 65.3% in May

Cyren Ltd. (NASDAQ:CYRNGet Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 120,800 shares, a drop of 65.3% from the April 30th total of 347,800 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average trading volume of 4,320,000 shares, the days-to-cover ratio is currently 0.0 days.

Separately, assumed coverage on Cyren in a research report on Thursday, March 31st. They set a “sell” rating for the company.

NASDAQ:CYRN opened at $1.93 on Thursday. Cyren has a 12-month low of $1.51 and a 12-month high of $19.00. The firm has a market cap of $10.29 million, a price-to-earnings ratio of -0.34 and a beta of 0.54. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $3.39.

Cyren (NASDAQ:CYRNGet Rating) last announced its earnings results on Monday, May 16th. The technology company reported ($1.16) earnings per share for the quarter. The business had revenue of $7.26 million for the quarter. Cyren had a negative net margin of 85.30% and a negative return on equity of 125.40%.

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Cyren during the 1st quarter valued at $59,000. Jane Street Group LLC bought a new stake in shares of Cyren in the 1st quarter worth $426,000. Sassicaia Capital Advisers LLC bought a new stake in shares of Cyren in the 3rd quarter worth $30,000. Herald Investment Management Ltd raised its stake in shares of Cyren by 61.6% in the 3rd quarter. Herald Investment Management Ltd now owns 97,511 shares of the technology company’s stock worth $60,000 after buying an additional 37,160 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Cyren in the 2nd quarter worth $79,000.

About Cyren (Get Rating)

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 email security engine that offers anti-spam inbound and outbound, IP reputation, and virus outbreak detection services; malware detection engine that is used to protect email 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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