Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Drops By 39.2%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a significant decline in short interest during 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 daily volume of 546,858 shares, the days-to-cover ratio is presently 0.6 days. Approximately 8.4% of the shares of the stock are sold short.

Hub Cyber Security Stock Up 3.4%

Shares of NASDAQ HUBC traded up $0.04 during mid-day trading on Friday, hitting $1.06. 222,651 shares of the company’s stock traded hands, compared to its average volume of 1,984,029. The company’s 50-day moving average is $2.24 and its two-hundred day moving average is $854.66. 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 EPS for the quarter. The business had revenue of $8.28 million during the quarter.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 143,772 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $2.04, for a total value of $293,294.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Hub Cyber Security

A number of institutional investors and hedge funds have recently modified their holdings of HUBC. Goldman Sachs Group Inc. bought a new position in shares of Hub Cyber Security during the 1st quarter valued at approximately $65,000. Bank of America Corp DE bought a new stake in Hub Cyber Security in the second quarter worth $266,000. Cresset Asset Management LLC purchased a new position in Hub Cyber Security during the third quarter worth $133,000. Finally, HRT Financial LP purchased a new position in Hub Cyber Security during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 4.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HUBC shares. Wall Street Zen upgraded Hub Cyber Security from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company 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.