Hub Cyber Security Ltd. (NASDAQ:HUBC) Sees Large Growth in Short Interest

Hub Cyber Security Ltd. (NASDAQ:HUBC) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 311,293 shares, a growth of 48.0% from the February 12th total of 210,296 shares. Based on an average trading volume of 403,555 shares, the days-to-cover ratio is currently 0.8 days. Currently, 49.9% of the company’s shares are sold short. Currently, 49.9% of the company’s shares are sold short. Based on an average trading volume of 403,555 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUBC. Wall Street Zen downgraded shares of Hub Cyber Security from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Hub Cyber Security in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Hub Cyber Security

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Hub Cyber Security during the second quarter valued at $266,000. HRT Financial LP purchased a new stake in shares of Hub Cyber Security in the 4th quarter worth about $28,000. Cresset Asset Management LLC bought a new position in shares of Hub Cyber Security in the 3rd quarter worth about $133,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Hub Cyber Security in the 1st quarter worth about $65,000. Institutional investors own 4.70% of the company’s stock.

Hub Cyber Security Stock Down 36.6%

Shares of NASDAQ:HUBC traded down $0.28 during trading on Friday, hitting $0.48. The stock had a trading volume of 3,441,241 shares, compared to its average volume of 474,454. The firm’s fifty day moving average is $2.85 and its 200 day moving average is $14.69. Hub Cyber Security has a 12 month low of $0.44 and a 12 month high of $94.47.

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.