Hub Cyber Security Ltd. (NASDAQ:HUBC) Sees Large Decrease in Short Interest

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 313,610 shares, a decline of 39.2% from the June 30th total of 515,780 shares. Based on an average trading volume of 546,858 shares, the days-to-cover ratio is presently 0.6 days. Currently, 8.4% of the shares of the company are short sold.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen raised Hub Cyber Security from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hub Cyber Security in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hub Cyber Security Stock Performance

NASDAQ:HUBC traded up $0.01 during mid-day trading on Thursday, hitting $1.03. 250,205 shares of the company’s stock traded hands, compared to its average volume of 1,996,235. The firm’s 50 day simple moving average is $2.27 and its 200 day simple moving average is $888.45. Hub Cyber Security has a 1 year low of $0.95 and a 1 year high of $63,900.00.

Hub Cyber Security (NASDAQ:HUBC) last announced its quarterly earnings results on Friday, July 17th. The company reported $30,359.70 earnings per share (EPS) for the quarter. The business had revenue of $8.28 million during the quarter.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 143,772 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $2.04, for a total value of $293,294.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new position in shares of Hub Cyber Security in the first quarter valued at approximately $65,000. Cresset Asset Management LLC purchased a new stake in Hub Cyber Security in the 3rd quarter worth approximately $133,000. HRT Financial LP acquired a new position in Hub Cyber Security in the 4th quarter valued at $28,000. Finally, Bank of America Corp DE purchased a new position in shares of Hub Cyber Security during the 2nd quarter worth $266,000. Institutional investors and hedge funds own 4.70% of the company’s stock.

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.