Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Increases By 52.3%

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,246,382 shares, a growth of 52.3% from the December 31st total of 2,131,233 shares. Based on an average daily volume of 6,398,961 shares, the days-to-cover ratio is presently 0.5 days. Currently, 520.3% of the company’s stock are sold short. Currently, 520.3% of the company’s stock are sold short. Based on an average daily volume of 6,398,961 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

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

Hub Cyber Security Trading Down 11.7%

Shares of NASDAQ HUBC traded down $0.35 during midday trading on Monday, hitting $2.64. The company’s stock had a trading volume of 504,503 shares, compared to its average volume of 300,268. Hub Cyber Security has a 1-year low of $2.58 and a 1-year high of $210.00. The firm’s fifty day moving average price is $7.62 and its 200-day moving average price is $24.03.

Institutional Trading of Hub Cyber Security

A number of large investors have recently modified their holdings of HUBC. Cresset Asset Management LLC acquired a new position in Hub Cyber Security during the 3rd quarter valued at about $133,000. Bank of America Corp DE acquired a new position in shares of Hub Cyber Security during the second quarter worth approximately $266,000. Finally, Goldman Sachs Group Inc. bought a new position in Hub Cyber Security in the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

About Hub Cyber Security

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.