Hub Cyber Security Ltd. (NASDAQ:HUBC) Stock Short Interest Declines 89.4%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 33,574 shares, a drop of 89.4% from the August 31st total of 317,625 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 15,869 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

Several research firms recently weighed in on HUBC. Wall Street Zen lowered Hub Cyber Security from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hub Cyber Security in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hub Cyber Security Price Performance

Shares of NASDAQ:HUBC traded down $0.12 during midday trading on Friday, hitting $2.21. 52,035 shares of the stock were exchanged, compared to its average volume of 80,134. Hub Cyber Security has a 52-week low of $2.13 and a 52-week high of $787,499.94. The business’s fifty day simple moving average is $18.00 and its two-hundred day simple moving average is $1,557.91.

Hub Cyber Security (NASDAQ:HUBC) last posted its quarterly earnings results on Friday, July 17th. The company reported ($1,315.00) earnings per share for the quarter. The firm had revenue of $8.28 million during the quarter.

About Hub Cyber Security

Hub Cyber Security Ltd. is an Israel-based cybersecurity company that develops solutions for protecting sensitive data and digital infrastructure. The company focuses on confidential computing, secure data storage and processing, and cybersecurity services designed to help organizations reduce the risk of unauthorized access, data breaches, and other cyber threats.

Its product portfolio has included hardware-based security technologies, secure computing environments, encrypted data protection, and solutions for safeguarding data in use, at rest, and in transit.