Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Up 50.0% in December

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,306,283 shares, an increase of 50.0% from the November 30th total of 1,537,179 shares. Approximately 24.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,280,724 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 3,280,724 shares, the days-to-cover ratio is presently 0.7 days. Approximately 24.6% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HUBC shares. Wall Street Zen raised Hub Cyber Security from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hub Cyber Security has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security in the first quarter worth $65,000. Cresset Asset Management LLC bought a new stake in Hub Cyber Security during the 3rd quarter worth about $133,000. Finally, Bank of America Corp DE acquired a new stake in Hub Cyber Security in the 2nd quarter valued at about $266,000. 4.70% of the stock is owned by institutional investors and hedge funds.

Hub Cyber Security Trading Down 11.5%

Shares of HUBC traded down $0.05 during mid-day trading on Wednesday, reaching $0.38. 1,319,787 shares of the stock traded hands, compared to its average volume of 747,652. The stock has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $1.91. Hub Cyber Security has a 12-month low of $0.32 and a 12-month high of $14.00.

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.