Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Up 99.4% in March

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 972,118 shares, an increase of 99.4% from the March 15th total of 487,489 shares. Based on an average daily volume of 19,483,885 shares, the days-to-cover ratio is presently 0.0 days. Approximately 155.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Hub Cyber Security

A number of institutional investors and hedge funds have recently made changes to their positions in HUBC. Bank of America Corp DE bought a new position in Hub Cyber Security in the second quarter valued at about $266,000. HRT Financial LP bought a new stake in Hub Cyber Security during the 4th quarter worth about $28,000. Cresset Asset Management LLC acquired a new position in Hub Cyber Security during the 3rd quarter valued at about $133,000. Finally, Goldman Sachs Group Inc. acquired a new position in Hub Cyber Security during the 1st quarter valued at about $65,000. Institutional investors own 4.70% of the company’s stock.

Hub Cyber Security Stock Performance

HUBC stock traded down $0.02 during trading on Monday, hitting $0.09. The company had a trading volume of 31,311,485 shares, compared to its average volume of 12,299,271. The firm has a 50-day moving average price of $1.14 and a 200-day moving average price of $9.86. Hub Cyber Security has a 12 month low of $0.06 and a 12 month high of $66.45.

Wall Street Analyst Weigh In

HUBC has been the topic of several research analyst reports. 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 research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Hub Cyber Security currently 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.