Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Update

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 515,780 shares, a decrease of 35.7% from the June 15th total of 802,396 shares. Approximately 16.6% of the company’s shares are short sold. Based on an average daily volume of 2,648,737 shares, the short-interest ratio is presently 0.2 days.

Hub Cyber Security Trading Up 1.7%

Shares of HUBC stock opened at $1.20 on Friday. The firm has a fifty day moving average price of $2.57 and a 200 day moving average price of $1,244.07. Hub Cyber Security has a 12 month low of $1.13 and a 12 month high of $66,450.00.

Hub Cyber Security (NASDAQ:HUBC) last announced its quarterly earnings results on Friday, July 17th. The company reported $30,359.70 earnings per share (EPS) for the quarter. The business had revenue of $8.28 million for the quarter.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 143,772 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $2.04, for a total transaction of $293,294.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Hub Cyber Security

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in Hub Cyber Security in the second quarter valued at approximately $266,000. HRT Financial LP acquired a new position in shares of Hub Cyber Security in the 4th quarter valued at $28,000. Cresset Asset Management LLC acquired a new position in shares of Hub Cyber Security in the 3rd quarter valued at $133,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Hub Cyber Security in the 1st quarter valued at $65,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Hub Cyber Security from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus 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.