Hub Cyber Security Ltd. (NASDAQ:HUBC) Short Interest Down 94.7% in January

Hub Cyber Security Ltd. (NASDAQ:HUBC) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 172,598 shares, a decline of 94.7% from the January 15th total of 3,246,382 shares. Based on an average daily volume of 135,080 shares, the short-interest ratio is currently 1.3 days. Currently, 27.7% of the shares of the company are short sold. Currently, 27.7% of the shares of the company are short sold. Based on an average daily volume of 135,080 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HUBC shares. Wall Street Zen downgraded shares of Hub Cyber Security from a “hold” rating to a “strong sell” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Hub Cyber Security in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HUBC. Goldman Sachs Group Inc. acquired a new stake in shares of Hub Cyber Security during the 1st quarter valued at about $65,000. Bank of America Corp DE acquired a new position in shares of Hub Cyber Security during the 2nd quarter worth approximately $266,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Hub Cyber Security during the 3rd quarter worth approximately $133,000. 4.70% of the stock is currently owned by hedge funds and other institutional investors.

Hub Cyber Security Stock Down 2.9%

NASDAQ:HUBC traded down $0.07 during mid-day trading on Tuesday, reaching $2.33. The company’s stock had a trading volume of 85,475 shares, compared to its average volume of 338,279. Hub Cyber Security has a 1 year low of $2.20 and a 1 year high of $159.00. The stock has a fifty day moving average of $5.75 and a 200-day moving average of $21.19.

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.