Short Interest in Cyren Ltd. (NASDAQ:CYRN) Grows By 213.6%
Cyren Ltd. (NASDAQ:CYRN – Get Rating) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 627,600 shares, a growth of 213.6% from the February 13th total of 200,100 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 24.0% of the company’s stock are short sold.
Separately, StockNews.com started coverage on shares of Cyren in a research report on Thursday, March 3rd. They set a “sell” rating on the stock.
Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Cyren by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,458,772 shares of the technology company’s stock worth $1,182,000 after purchasing an additional 120,000 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Cyren during the 2nd quarter worth about $79,000. Herald Investment Management Ltd increased its stake in shares of Cyren by 61.6% during the 3rd quarter. Herald Investment Management Ltd now owns 97,511 shares of the technology company’s stock worth $60,000 after purchasing an additional 37,160 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Cyren during the 2nd quarter worth about $51,000. Finally, Sassicaia Capital Advisers LLC acquired a new position in shares of Cyren during the 3rd quarter worth about $30,000. Institutional investors own 54.22% of the company’s stock.
No dictionary required, no complicated YouTube tutorials, no manuals written in code, just a guide for new options traders written in plain English.
Hi, I’m Justin Vaughn, seasoned options trader and author of the best e-book for beginners, “Options Basics”.
I’ll give you all the tools you need to start, plus a way around the pitfalls new traders fall into.
Cyren stock opened at $6.80 on Friday. The firm has a market capitalization of $30.82 million, a PE ratio of -1.21 and a beta of 0.17. The company’s 50-day moving average is $2.22 and its 200-day moving average is $1.09. Cyren has a…
