Short Interest in Allot Ltd. (NASDAQ:ALLT) Expands By 62.7%

Allot Ltd. (NASDAQ:ALLT) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 951,900 shares, anincreaseof62.7% from the July 15th total of 585,100 shares. Based on an average daily trading volume, of 654,100 shares, the days-to-cover ratio is currently 1.5 days. Currently,3.0% of the company’s shares are short sold. Currently,3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 654,100 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Allot from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Allot Stock Down 0.4%

Shares of NASDAQ:ALLT opened at $7.20 on Monday. Allot has a 52-week low of $2.75 and a 52-week high of $10.77. The firm has a market capitalization of $335.02 million, a P/E ratio of -144.00 and a beta of 1.32. The stock has a 50 day moving average price of $8.33 and a 200-day moving average price of $7.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.27 and a current ratio of 2.49.

Allot (NASDAQ:ALLT) last announced its earnings results on Thursday, August 14th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Allot had a positive return on equity of 1.18% and a negative net margin of 2.12%. The firm had revenue of $24.05 million during the quarter, compared to analyst estimates of $22.90 million. As a group, equities research analysts anticipate that Allot will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC raised its position in shares of Allot by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 3,500 shares in the last quarter. US Bancorp DE increased its position in Allot by 17.6% during the 2nd quarter. US Bancorp DE now owns 67,835 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 10,139 shares in the last quarter. DCF Advisers LLC increased its position in Allot by 45.4% during the 2nd quarter. DCF Advisers LLC now owns 35,238 shares of the communications equipment provider’s stock valued at $301,000 after buying an additional 11,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Allot during the 2nd quarter valued at approximately $139,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Allot during the 2nd quarter valued at approximately $156,000. Institutional investors own 51.50% of the company’s stock.

About Allot

Allot Communications Ltd. is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more.