Hub Cyber Security Ltd. (NASDAQ:HUBC) Shares Shorted: Short Interest Down 89.4% in September

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 33,574 shares, a drop of 89.4% from the August 31st total of 317,625 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average trading volume of 15,869 shares, the days-to-cover ratio is presently 2.1 days.

Hub Cyber Security Price Performance

Hub Cyber Security stock traded down $0.43 during mid-day trading on Friday, hitting $1.90. The stock had a trading volume of 669,509 shares, compared to its average volume of 145,777. The stock has a 50-day simple moving average of $17.44 and a two-hundred day simple moving average of $1,547.03. Hub Cyber Security has a 12 month low of $1.77 and a 12 month high of $787,499.94.

Hub Cyber Security (NASDAQ:HUBC) last issued its earnings results on Friday, July 17th. The company reported ($1,315.00) EPS for the quarter. The business had revenue of $8.28 million for the quarter.

Analysts Set New Price Targets

HUBC has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Hub Cyber Security from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Hub Cyber Security

Hub Cyber Security Ltd. is an Israel-based cybersecurity company that develops solutions for protecting sensitive data and digital infrastructure. The company focuses on confidential computing, secure data storage and processing, and cybersecurity services designed to help organizations reduce the risk of unauthorized access, data breaches, and other cyber threats.

Its product portfolio has included hardware-based security technologies, secure computing environments, encrypted data protection, and solutions for safeguarding data in use, at rest, and in transit.