Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Rises By 56.6%
by Scott Moore · The Cerbat GemHub Cyber Security Ltd. (NASDAQ:HUBC – Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 487,489 shares, an increase of 56.6% from the February 26th total of 311,293 shares. Based on an average daily volume of 850,168 shares, the days-to-cover ratio is presently 0.6 days. Approximately 78.1% of the shares of the stock are short sold.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on HUBC shares. Wall Street Zen lowered shares of Hub Cyber Security from a “hold” rating to a “strong sell” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on HUBC
Hub Cyber Security Stock Up 1.5%
Shares of HUBC stock traded up $0.00 during trading on Friday, hitting $0.13. 5,784,283 shares of the stock traded hands, compared to its average volume of 11,389,232. Hub Cyber Security has a 52-week low of $0.12 and a 52-week high of $66.45. The firm’s fifty day moving average price is $1.83 and its 200-day moving average price is $12.57.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in shares of Hub Cyber Security in the 2nd quarter valued at approximately $266,000. HRT Financial LP acquired a new stake in Hub Cyber Security in the 4th quarter valued at approximately $28,000. Cresset Asset Management LLC acquired a new position in Hub Cyber Security during the third quarter worth $133,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Hub Cyber Security during the first quarter worth $65,000. Institutional investors and hedge funds own 4.70% of the company’s stock.
About Hub Cyber Security
HUB Cyber Security Ltd. provides cyber security solutions in Israel and internationally. The company offers HUB Secure File Vault, a super charged managed file transfer backed by dedicated hardware driven security, which creates a secure enclave to protect the organization's data driven workflows; HUB Guard, a recurring security assessment, continuous network, and infrastructure monitoring and analysis, and planned incident response; D.Storm, a powerful SaaS DDoS simulation platform; RAM Commander, a software tool for reliability prediction and analysis, reliability block diagram, Markov chains analysis, maintainability prediction, spares optimization, FMEA/FMECA, testability, fault tree analysis, event tree analysis, and safety assessment; and Safety Commander designs to evaluate the safety of highly integrated systems in a model-based design environment.