Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Declines By 35.7%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 515,780 shares, a decrease of 35.7% from the June 15th total of 802,396 shares. Approximately 16.6% of the company’s shares are short sold. Based on an average trading volume of 2,648,737 shares, the short-interest ratio is presently 0.2 days.

Hub Cyber Security Stock Up 3.8%

NASDAQ:HUBC traded up $0.04 during mid-day trading on Friday, reaching $1.23. The company’s stock had a trading volume of 163,033 shares, compared to its average volume of 2,108,977. Hub Cyber Security has a 1 year low of $1.13 and a 1 year high of $66,450.00. The stock has a fifty day moving average of $2.65 and a 200-day moving average of $1,252.82.

Insider Activity at Hub Cyber Security

In related news, major shareholder Financial Lp Hrt bought 341,196 shares of Hub Cyber Security stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $0.21 per share, with a total value of $71,651.16. Following the completion of the transaction, the insider owned 595,325 shares in the company, valued at $125,018.25. The trade was a 134.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Hub Cyber Security

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new position in shares of Hub Cyber Security during the second quarter valued at approximately $266,000. HRT Financial LP bought a new position in Hub Cyber Security in the fourth quarter worth approximately $28,000. Cresset Asset Management LLC bought a new position in Hub Cyber Security in the third quarter worth approximately $133,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Hub Cyber Security during the first quarter worth $65,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Hub Cyber Security from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.