Allot Communications Ltd (NASDAQ:ALLT) Short Interest Up 155.6% in January

Allot Communications Ltd (NASDAQ:ALLT) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 200,900 shares, an increase of 155.6% from the December 31st total of 78,600 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 475,000 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Allot Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

Allot Communications Stock Performance

ALLT stock opened at $8.37 on Friday. The firm has a market cap of $321.76 million, a price-to-earnings ratio of -12.88 and a beta of 1.00. The firm has a 50-day simple moving average of $6.06 and a two-hundred day simple moving average of $4.20. Allot Communications has a one year low of $1.70 and a one year high of $8.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.06 and a current ratio of 2.32.

Institutional Trading of Allot Communications

An institutional investor recently raised its position in Allot Communications stock. FNY Investment Advisers LLC grew its stake in shares of Allot Communications Ltd (NASDAQ:ALLT) by 345.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,537 shares of the communications equipment provider’s stock after acquiring an additional 26,778 shares during the quarter. FNY Investment Advisers LLC owned about 0.09% of Allot Communications worth $205,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 51.50% of the company’s stock.

Allot Communications Company Profile

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.