<div id="readability-page-1"><p>Cybin Inc. (NYSEAMERICAN:CYBN - Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 20,550,000 shares, a decrease of 10.6% from the May 31st total of 22,990,000 shares. Based on an average trading volume of 4,040,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 3.0% of the shares of the stock are short sold.</p><h2>Institutional Investors Weigh In On Cybin</h2><p>Institutional investors and hedge funds have recently made changes to their positions in the business. Rathbones Group PLC purchased a new stake in shares of Cybin in the 4th quarter worth about $26,000. Cerity Partners LLC lifted its holdings in Cybin by 488.5% in the 4th quarter. Cerity Partners LLC now owns 88,271 shares of the company's stock valued at $36,000 after purchasing an additional 73,271 shares in the last quarter. Thrive Wealth Management LLC lifted its holdings in Cybin by 141.5% in the 4th quarter. Thrive Wealth Management LLC now owns 128,000 shares of the company's stock valued at $52,000 after purchasing an additional 75,000 shares in the last quarter. Lewis Asset Management LLC purchased a new position in Cybin in the 4th quarter valued at about $116,000. Finally, FNY Investment Advisers LLC lifted its holdings in Cybin by 20,000.0% in the 4th quarter. FNY Investment Advisers LLC now owns 402,000 shares of the company's stock valued at $164,000 after purchasing an additional 400,000 shares in the last quarter. 17.94% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Cybin Stock Performance</h2><p>Cybin stock opened at $0.26 on Wednesday. Cybin has a 52 week low of $0.25 and a 52 week high of $0.74. The stock has a market capitalization of $108.84 million, a P/E ratio of -1.26 and a beta of 0.50. </p><h2>Wall Street Analyst Weigh In</h2><p>Separately, HC Wainwright reiterated a &#34;buy&#34; rating and issued a $5.00 price objective on shares of Cybin in a research report on Wednesday, March 13th.</p><p><b>View Our Latest Report on CYBN</b></p><h2>Cybin Company Profile</h2> (Get Free Report)<p>Cybin Inc, a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics. The company's development pipeline includes CYB003, a deuterated psilocybin analog, which is in Phase 1/2a clinical trial to treat major depressive and alcohol use disorders; CYB004, a deuterated dimethyltryptamine, which is in Phase 1 clinical trial for treating generalized anxiety disorders; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Cybin</li><li>What is a Special Dividend?</li><li>Generac Holdings Stock: Mixed Signals Leave Investors Uncertain</li><li>There Are Different Types of Stock To Invest In</li><li>Analysts and Earnings Propel the S&amp;P 500's Continuous Growth</li><li>3 Must-Buy Warren Buffett Stocks for Volatile Times</li><li>CrowdStrike Stock Soars, Outpacing Palo Alto in Cybersecurity</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ The Only Retirement Stock You'll Ever Need? Discover Now <span><span>(From Behind the Markets)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NjM2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NjM2"/></p><h2>Should you invest $1,000 in Cybin right now?</h2><p>Before you consider Cybin, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cybin wasn't on the list.</p><p>While Cybin currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

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<p>Cybin Inc. (NYSEAMERICAN:CYBN) experienced a significant drop in short interest in June, with a decrease of 10.6% compared to May. The company's stock is currently sold short at a rate of 3.0%. Additionally, institutional investors and hedge funds have made changes to their positions in Cybin. The stock opened at $0.26 on Wednesday and has a market capitalization of $108.84 million.</p>

Cybin Inc. (NYSEAMERICAN:CYBN) Sees Significant Drop in Short Interest