Allot Ltd. (NASDAQ:ALLT) Short Interest Update

Allot Ltd. (NASDAQ:ALLT) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,492,864 shares, a growth of 27.2% from the December 15th total of 1,173,423 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 407,489 shares, the days-to-cover ratio is currently 3.7 days. Based on an average daily volume of 407,489 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Allot

Several institutional investors have recently bought and sold shares of ALLT. Quarry LP purchased a new stake in shares of Allot during the 3rd quarter valued at $37,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Allot during the third quarter valued at about $108,000. FNY Investment Advisers LLC increased its holdings in shares of Allot by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 14,000 shares of the communications equipment provider’s stock valued at $119,000 after acquiring an additional 3,500 shares in the last quarter. LeConte Wealth Management LLC purchased a new position in shares of Allot in the 3rd quarter valued at approximately $128,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Allot in the 2nd quarter worth approximately $139,000. 51.50% of the stock is currently owned by institutional investors and hedge funds.

Allot Stock Up 1.4%

Allot stock opened at $10.46 on Friday. The firm has a market cap of $506.79 million, a P/E ratio of 348.67 and a beta of 1.52. The business has a fifty day moving average of $9.64 and a two-hundred day moving average of $9.18. Allot has a twelve month low of $4.37 and a twelve month high of $11.92.

Analyst Ratings Changes

Several research firms recently commented on ALLT. Northland Securities set a $18.00 price target on shares of Allot in a research note on Tuesday, January 6th. Citigroup reaffirmed an “outperform” rating on shares of Allot in a research report on Tuesday, January 6th. Cowen began coverage on Allot in a report on Monday, October 20th. They issued a “buy” rating for the company. TD Cowen started coverage on Allot in a research note on Monday, October 20th. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Cantor Fitzgerald initiated coverage on Allot in a research report on Monday, January 12th. They set an “overweight” rating and a $15.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.63.

About Allot

Allot Ltd. is a provider of network intelligence and security solutions designed for service providers and enterprises worldwide. The company delivers software and cloud-based services that enable customers to gain real-time visibility into network traffic, enforce security policies and optimize bandwidth usage. Its platforms support a wide range of applications, from DDoS protection and threat prevention to subscriber experience management and network analytics.

Allot’s product portfolio includes managed solutions for mobile and fixed-line operators, as well as cloud-native services that can be deployed across private, public and hybrid environments.