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

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,306,283 shares, a growth of 50.0% from the November 30th total of 1,537,179 shares. Approximately 24.6% of the company’s shares are short sold. Based on an average daily volume of 3,280,724 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 3,280,724 shares, the short-interest ratio is currently 0.7 days. Approximately 24.6% of the company’s shares are short sold.

Institutional Trading of Hub Cyber Security

Several hedge funds and other institutional investors have recently bought and sold shares of HUBC. Goldman Sachs Group Inc. bought 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 position in shares of Hub Cyber Security during the 3rd quarter worth approximately $133,000. Finally, Bank of America Corp DE purchased a new stake in Hub Cyber Security during the second quarter valued at approximately $266,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HUBC. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Wednesday, October 8th. Wall Street Zen upgraded Hub Cyber Security from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hub Cyber Security Trading Up 5.5%

Shares of NASDAQ:HUBC traded up $0.02 during mid-day trading on Tuesday, reaching $0.43. 2,933,418 shares of the company traded hands, compared to its average volume of 745,601. Hub Cyber Security has a 52 week low of $0.32 and a 52 week high of $14.00. The company’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.92.

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.