Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Increases By 21.8%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 210,296 shares, a growth of 21.8% from the January 29th total of 172,598 shares. Based on an average daily trading volume, of 203,324 shares, the days-to-cover ratio is presently 1.0 days. Currently, 33.7% of the company’s shares are short sold. Currently, 33.7% of the company’s shares are short sold. Based on an average daily trading volume, of 203,324 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Hub Cyber Security

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in Hub Cyber Security in the second quarter valued at about $266,000. Cresset Asset Management LLC purchased a new stake in shares of Hub Cyber Security in the third quarter worth about $133,000. HRT Financial LP acquired a new stake in shares of Hub Cyber Security in the fourth quarter valued at about $28,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security in the first quarter valued at about $65,000. 4.70% of the stock is owned by hedge funds and other institutional investors.

Hub Cyber Security Stock Performance

NASDAQ HUBC opened at $1.35 on Wednesday. Hub Cyber Security has a one year low of $1.04 and a one year high of $98.99. The company’s 50 day moving average price is $3.68 and its 200 day moving average price is $16.55.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen cut 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 report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Hub Cyber Security presently has an average 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.