HUB Cyber Security Ltd. (NASDAQ:HUBC) Sees Significant Increase in Short Interest

HUB Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,970,000 shares, an increase of 62.8% from the December 15th total of 1,210,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 6.6% of the shares of the stock are sold short.

Institutional Trading of HUB Cyber Security

An institutional investor recently bought a new position in HUB Cyber Security stock. XTX Topco Ltd purchased a new stake in shares of HUB Cyber Security Ltd. (NASDAQ:HUBC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,252 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned approximately 0.16% of HUB Cyber Security as of its most recent SEC filing. Institutional investors and hedge funds own 4.70% of the company’s stock.

HUB Cyber Security Price Performance

Shares of NASDAQ:HUBC traded up $0.08 during mid-day trading on Friday, reaching $0.74. The stock had a trading volume of 1,642,666 shares, compared to its average volume of 1,888,626. The business’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.58. HUB Cyber Security has a 1 year low of $0.37 and a 1 year high of $2.17.

HUB Cyber Security Company Profile

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.