Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Drops By 96.4%

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 327,372 shares, a decrease of 96.4% from the April 15th total of 9,121,330 shares. Based on an average trading volume of 1,397,898 shares, the short-interest ratio is presently 0.2 days. Approximately 29.2% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Thursday, January 22nd. Wall Street Zen upgraded Hub Cyber Security to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hub Cyber Security Stock Down 15.7%

Shares of HUBC traded down $0.03 during trading hours on Wednesday, reaching $0.15. 93,594,980 shares of the company traded hands, compared to its average volume of 2,337,341. The stock’s fifty day moving average is $14.85 and its 200 day moving average is $307.48. Hub Cyber Security has a 1-year low of $0.13 and a 1-year high of $3,322.50.

Hedge Funds Weigh In On Hub Cyber Security

Several large investors have recently added to or reduced their stakes in the company. HRT Financial LP bought a new stake in shares of Hub Cyber Security in the 4th quarter worth approximately $28,000. Goldman Sachs Group Inc. acquired a new position in shares of Hub Cyber Security in the first quarter valued at $65,000. Cresset Asset Management LLC bought a new position in Hub Cyber Security in the third quarter worth $133,000. Finally, Bank of America Corp DE bought a new position in Hub Cyber Security in the second quarter worth $266,000. 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.