Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Up 52.3% in January

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient 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 short sold. Based on an average daily trading volume, of 6,398,961 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 6,398,961 shares, the days-to-cover ratio is currently 0.5 days. Approximately 520.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Hub Cyber Security

Large investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC purchased a new position in shares of Hub Cyber Security in the 3rd quarter worth about $133,000. Bank of America Corp DE purchased a new position in shares of Hub Cyber Security during the 2nd quarter valued at about $266,000. Finally, Goldman Sachs Group Inc. bought a new stake in Hub Cyber Security in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

Hub Cyber Security Price Performance

HUBC stock traded up $0.13 during midday trading on Friday, reaching $2.99. The company had a trading volume of 68,837 shares, compared to its average volume of 286,454. The firm has a 50-day moving average price of $7.62 and a 200-day moving average price of $24.29. Hub Cyber Security has a 1 year low of $2.80 and a 1 year high of $210.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hub Cyber Security 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.