Cyren Ltd (NASDAQ:CYRN) was the target of a large drop in short interest during the month of February. As of February 14th, there was short interest totalling 1,800 shares, a drop of 83.0% from the January 30th total of 10,600 shares. Based on an average trading volume of 29,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Separately, Zacks Investment Research lowered shares of Cyren from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th.
Cyren stock traded up $0.05 during trading hours on Friday, reaching $1.11. The stock had a trading volume of 29,300 shares, compared to its average volume of 25,257. The stock has a market cap of $67.03 million, a PE ratio of -3.47 and a beta of 0.51. Cyren has a 52 week low of $1.05 and a 52 week high of $2.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.45.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Cyren during the 2nd quarter valued at about $25,000. Belpointe Asset Management LLC boosted its stake in shares of Cyren by 2.0% during the 4th quarter. Belpointe Asset Management LLC now owns 530,000 shares of the technology company’s stock valued at $678,000 after purchasing an additional 10,200 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Cyren by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 675,411 shares of the technology company’s stock valued at $865,000 after purchasing an additional 24,104 shares in the last quarter. Finally, Warburg Pincus LLC boosted its stake in shares of Cyren by 16.8% during the 4th quarter. Warburg Pincus LLC now owns 32,211,010 shares of the technology company’s stock valued at $41,230,000 after purchasing an additional 4,624,277 shares in the last quarter. 60.27% of the stock is currently owned by hedge funds and other 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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