Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Rises By 52.3%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,246,382 shares, an increase of 52.3% from the December 31st total of 2,131,233 shares. Approximately 520.3% of the shares of the company are sold short. Based on an average daily volume of 6,398,961 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 6,398,961 shares, the short-interest ratio is presently 0.5 days. Approximately 520.3% of the shares of the company are sold short.

Institutional Trading of Hub Cyber Security

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the first quarter valued at approximately $65,000. Cresset Asset Management LLC bought a new stake in shares of Hub Cyber Security during the 3rd quarter worth about $133,000. Finally, Bank of America Corp DE bought a new position in shares of Hub Cyber Security in the second quarter valued at approximately $266,000. 4.70% of the stock is currently owned by institutional investors.

Hub Cyber Security Stock Performance

Shares of HUBC stock traded down $0.38 on Monday, hitting $2.62. 493,367 shares of the stock traded hands, compared to its average volume of 299,263. Hub Cyber Security has a 1-year low of $2.58 and a 1-year high of $210.00. The company’s fifty day moving average is $7.62 and its 200 day moving average is $24.03.

Analyst Ratings Changes

Several equities analysts have weighed in on HUBC shares. Weiss Ratings restated a “sell (e+)” rating on shares of Hub Cyber Security in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Hub Cyber Security from a “hold” rating to a “strong sell” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.