Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Down 94.7% in January

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 172,598 shares, a drop of 94.7% from the January 15th total of 3,246,382 shares. Currently, 27.7% of the shares of the company are sold short. Based on an average daily volume of 135,080 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 135,080 shares, the days-to-cover ratio is presently 1.3 days. Currently, 27.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUBC. Cresset Asset Management LLC bought a new position in shares of Hub Cyber Security in the third quarter valued at approximately $133,000. Bank of America Corp DE purchased a new stake in Hub Cyber Security during the second quarter valued at about $266,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Hub Cyber Security during the 1st quarter valued at $65,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

Hub Cyber Security Stock Down 2.9%

Shares of HUBC stock traded down $0.07 on Tuesday, reaching $2.33. The company had a trading volume of 85,475 shares, compared to its average volume of 338,279. Hub Cyber Security has a one year low of $2.20 and a one year high of $159.00. The business’s 50-day moving average is $5.75 and its 200 day moving average is $21.19.

Analyst Ratings Changes

Several equities analysts have recently weighed in 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 reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.