Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Grows By 56.6%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 487,489 shares, a growth of 56.6% from the February 26th total of 311,293 shares. Based on an average daily trading volume, of 850,168 shares, the short-interest ratio is presently 0.6 days. Approximately 78.1% of the company’s shares are short sold.

Analyst Ratings Changes

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

Hub Cyber Security Stock Up 1.5%

Hub Cyber Security stock traded up $0.00 during midday trading on Friday, hitting $0.13. 5,784,283 shares of the stock were exchanged, compared to its average volume of 11,389,232. The company has a fifty day simple moving average of $1.83 and a two-hundred day simple moving average of $12.43. Hub Cyber Security has a 52 week low of $0.12 and a 52 week high of $66.45.

Hedge Funds Weigh In On Hub Cyber Security

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

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.