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

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 33,574 shares, a drop of 89.4% from the August 31st total of 317,625 shares. Based on an average daily volume of 15,869 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.7% of the shares of the company are sold short.

Hub Cyber Security Stock Down 27.4%

Shares of HUBC stock traded down $0.88 on Thursday, hitting $2.33. 377,585 shares of the stock traded hands, compared to its average volume of 105,484. Hub Cyber Security has a 52 week low of $2.26 and a 52 week high of $816,112.50. The firm has a 50 day simple moving average of $18.00 and a two-hundred day simple moving average of $1,557.91.

Hub Cyber Security (NASDAQ:HUBC) last issued its earnings results on Friday, July 17th. The company reported ($1,315.00) earnings per share for the quarter. The company had revenue of $8.28 million for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a report on Tuesday, July 21st. Wall Street Zen downgraded Hub Cyber Security from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Hub Cyber Security

Hub Cyber Security Ltd. is an Israel-based cybersecurity company that develops solutions for protecting sensitive data and digital infrastructure. The company focuses on confidential computing, secure data storage and processing, and cybersecurity services designed to help organizations reduce the risk of unauthorized access, data breaches, and other cyber threats.

Its product portfolio has included hardware-based security technologies, secure computing environments, encrypted data protection, and solutions for safeguarding data in use, at rest, and in transit.