Short Interest in Hub Cyber Security Ltd. (NASDAQ:HUBC) Declines By 35.7%

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 515,780 shares, a decline of 35.7% from the June 15th total of 802,396 shares. Currently, 16.6% of the company’s stock are short sold. Based on an average trading volume of 2,648,737 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Hub Cyber Security from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Insider Activity at Hub Cyber Security

In related news, major shareholder Financial Lp Hrt acquired 341,196 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $0.21 per share, for a total transaction of $71,651.16. Following the purchase, the insider directly owned 595,325 shares of the company’s stock, valued at $125,018.25. This trade represents a 134.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Hub Cyber Security during the 2nd quarter valued at about $266,000. Cresset Asset Management LLC acquired a new stake in Hub Cyber Security in the third quarter worth about $133,000. Goldman Sachs Group Inc. acquired a new stake in Hub Cyber Security in the first quarter worth about $65,000. Finally, HRT Financial LP purchased a new stake in shares of Hub Cyber Security during the fourth quarter worth about $28,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

Hub Cyber Security Trading Up 3.8%

NASDAQ:HUBC traded up $0.04 during midday trading on Friday, reaching $1.23. 163,033 shares of the stock traded hands, compared to its average volume of 2,108,977. Hub Cyber Security has a 12-month low of $1.13 and a 12-month high of $66,450.00. The business has a 50-day moving average of $2.65 and a two-hundred day moving average of $1,252.82.

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.